First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) Sees Significant Growth in Short Interest

First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 14,011 shares, an increase of 120.3% from the June 30th total of 6,360 shares. Based on an average trading volume of 121,750 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

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

Institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. purchased a new position in First Trust STOXX European Select Dividend Index Fund during the second quarter worth approximately $28,000. Triumph Capital Management raised its position in shares of First Trust STOXX European Select Dividend Index Fund by 280.0% in the 4th quarter. Triumph Capital Management now owns 1,900 shares of the company’s stock worth $33,000 after buying an additional 1,400 shares during the period. Darwin Wealth Management LLC acquired a new position in First Trust STOXX European Select Dividend Index Fund in the second quarter valued at $34,000. N.E.W. Advisory Services LLC acquired a new position in First Trust STOXX European Select Dividend Index Fund in the fourth quarter valued at $84,000. Finally, Larson Financial Group LLC purchased a new stake in First Trust STOXX European Select Dividend Index Fund during the fourth quarter valued at about $119,000.

First Trust STOXX European Select Dividend Index Fund Price Performance

Shares of NYSEARCA FDD traded up $0.09 on Tuesday, hitting $19.51. The company’s stock had a trading volume of 106,825 shares, compared to its average volume of 236,297. The stock has a 50 day moving average of $19.27 and a 200-day moving average of $18.69. The company has a market capitalization of $864.29 million, a price-to-earnings ratio of 9.67 and a beta of 0.69. First Trust STOXX European Select Dividend Index Fund has a 12-month low of $15.18 and a 12-month high of $20.01.

First Trust STOXX European Select Dividend Index Fund Company Profile

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.