First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) Short Interest Update

First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) saw a large increase in short interest in June. As of June 15th, there was short interest totaling 36,304 shares, an increase of 266.9% from the May 31st total of 9,896 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 106,701 shares, the days-to-cover ratio is presently 0.3 days.

First Trust STOXX European Select Dividend Index Fund Stock Performance

Shares of FDD traded down $0.00 during mid-day trading on Monday, hitting $18.53. 105,008 shares of the company’s stock were exchanged, compared to its average volume of 249,415. The company has a market cap of $834.60 million, a price-to-earnings ratio of 9.67 and a beta of 0.68. First Trust STOXX European Select Dividend Index Fund has a fifty-two week low of $15.18 and a fifty-two week high of $20.01. The stock’s 50-day moving average is $19.35 and its 200-day moving average is $18.44.

Hedge Funds Weigh In On First Trust STOXX European Select Dividend Index Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FDD. Benjamin Edwards Inc. grew its stake in shares of First Trust STOXX European Select Dividend Index Fund by 2.5% in 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. J2 Capital Management Inc raised its stake in shares of First Trust STOXX European Select Dividend Index Fund by 1.8% in the fourth quarter. J2 Capital Management Inc now owns 41,523 shares of the company’s stock valued at $727,000 after acquiring an additional 724 shares in the last quarter. Berger Financial Group Inc boosted its holdings in First Trust STOXX European Select Dividend Index Fund by 4.2% in the fourth quarter. Berger Financial Group Inc now owns 20,124 shares of the company’s stock valued at $352,000 after purchasing an additional 820 shares during the period. Silver Oak Securities Incorporated boosted its holdings in First Trust STOXX European Select Dividend Index Fund by 4.2% in the fourth quarter. Silver Oak Securities Incorporated now owns 20,490 shares of the company’s stock valued at $360,000 after purchasing an additional 833 shares during the period. Finally, Cetera Investment Advisers grew its stake in First Trust STOXX European Select Dividend Index Fund by 0.7% during the 4th quarter. Cetera Investment Advisers now owns 145,683 shares of the company’s stock worth $2,549,000 after purchasing an additional 1,031 shares in the last quarter.

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.