Short Interest in First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) Grows By 92.2%

First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) was the target of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 193,114 shares, an increase of 92.2% from the July 30th total of 100,466 shares. Based on an average daily volume of 199,199 shares, the short-interest ratio is presently 1.0 days. Approximately 0.4% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FDD. Benjamin Edwards Inc. increased its position in shares of First Trust STOXX European Select Dividend Index Fund by 2.5% during the fourth quarter. Benjamin Edwards Inc. now owns 22,239 shares of the company’s stock worth $389,000 after acquiring an additional 545 shares in the last quarter. Foresight Capital Management Advisors Inc. lifted its position in First Trust STOXX European Select Dividend Index Fund by 0.5% in the 2nd quarter. Foresight Capital Management Advisors Inc. now owns 215,059 shares of the company’s stock valued at $3,989,000 after acquiring an additional 990 shares in the last quarter. Cetera Investment Advisers lifted its position in First Trust STOXX European Select Dividend Index Fund by 0.7% in the 4th quarter. Cetera Investment Advisers now owns 145,683 shares of the company’s stock valued at $2,549,000 after acquiring an additional 1,031 shares in the last quarter. Hobart Private Capital LLC boosted its stake in First Trust STOXX European Select Dividend Index Fund by 0.6% in the 2nd quarter. Hobart Private Capital LLC now owns 178,103 shares of the company’s stock worth $3,304,000 after purchasing an additional 1,057 shares during the period. Finally, International Assets Investment Management LLC boosted its stake in First Trust STOXX European Select Dividend Index Fund by 3.0% in the 1st quarter. International Assets Investment Management LLC now owns 41,155 shares of the company’s stock worth $742,000 after purchasing an additional 1,201 shares during the period.

First Trust STOXX European Select Dividend Index Fund Stock Performance

NYSEARCA:FDD traded up $0.03 during mid-day trading on Friday, hitting $20.47. The company had a trading volume of 91,040 shares, compared to its average volume of 224,826. First Trust STOXX European Select Dividend Index Fund has a fifty-two week low of $15.71 and a fifty-two week high of $20.63. The business’s fifty day moving average is $19.63 and its two-hundred day moving average is $19.06. The firm has a market cap of $906.82 million, a P/E ratio of 9.67 and a beta of 0.68.

About First Trust STOXX European Select Dividend Index Fund

First Trust DJ STOXX Select Dividend 30 Index Fund (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield of an equity index called the Dow Jones STOXX Select Dividend 30 Index (the Index). The Index is a dividend weighted index of 30 stocks selected from the Dow Jones STOXX 600 Index, which includes high-dividend yielding companies across 18 European countries. The universe of stocks consists of dividend-paying companies in the Dow Jones STOXX 600 Index that have a positive five-year dividend-per-share growth rate and a dividend to earnings-per-share ratio of 60% or less.