Short Interest in First Trust Dow Jones Select MicroCap Index Fund (NYSEARCA:FDM) Drops By 29.3%

First Trust Dow Jones Select MicroCap Index Fund (NYSEARCA:FDM) was the recipient of a large decrease in short interest in the month of March. As of March 31st, there was short interest totaling 29,731 shares, a decrease of 29.3% from the March 15th total of 42,033 shares. Based on an average trading volume of 8,328 shares, the short-interest ratio is currently 3.6 days. Currently, 1.1% of the shares of the company are sold short.

Hedge Funds Weigh In On First Trust Dow Jones Select MicroCap Index Fund

Several hedge funds have recently made changes to their positions in the company. Chicago Partners Investment Group LLC increased its position in shares of First Trust Dow Jones Select MicroCap Index Fund by 0.3% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 191,324 shares of the company’s stock valued at $14,402,000 after acquiring an additional 626 shares during the period. Private Advisory Group LLC increased its position in shares of First Trust Dow Jones Select MicroCap Index Fund by 4.6% in the 4th quarter. Private Advisory Group LLC now owns 191,000 shares of the company’s stock valued at $15,207,000 after acquiring an additional 8,456 shares during the period. Arkansas Financial Group Inc. increased its position in shares of First Trust Dow Jones Select MicroCap Index Fund by 0.6% in the 3rd quarter. Arkansas Financial Group Inc. now owns 175,735 shares of the company’s stock valued at $13,262,000 after acquiring an additional 1,057 shares during the period. LPL Financial LLC increased its position in shares of First Trust Dow Jones Select MicroCap Index Fund by 5.4% in the 4th quarter. LPL Financial LLC now owns 169,032 shares of the company’s stock valued at $13,458,000 after acquiring an additional 8,598 shares during the period. Finally, &PARTNERS increased its position in shares of First Trust Dow Jones Select MicroCap Index Fund by 1.7% in the 4th quarter. &PARTNERS now owns 45,017 shares of the company’s stock valued at $3,584,000 after acquiring an additional 763 shares during the period.

First Trust Dow Jones Select MicroCap Index Fund Price Performance

NYSEARCA FDM opened at $87.01 on Tuesday. The stock’s fifty day moving average price is $84.11 and its 200 day moving average price is $80.33. First Trust Dow Jones Select MicroCap Index Fund has a 1 year low of $57.42 and a 1 year high of $87.78. The company has a market cap of $240.15 million, a price-to-earnings ratio of 14.38 and a beta of 0.97.

About First Trust Dow Jones Select MicroCap Index Fund

First Trust Dow Jones Select MicroCap Index Fund (the Fund) seeks investment results that correspond generally to the price and yield of an equity index called the Dow Jones Select MicroCap Index (the Index). The Fund will normally invest at least 90% of its assets in common stocks that comprise the Index. The Index measures the performance of selected United States micro-capitalization companies chosen from all common stocks traded on the NYSE, NYSE Amex and The NASDAQ Stock Market, Inc that are comparatively liquid and have strong fundamentals relative to the micro-capitalization segment as a whole.