First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) Sees Large Decrease in Short Interest

First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) was the recipient of a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 58,707 shares, a decline of 54.5% from the June 30th total of 129,059 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 155,384 shares, the short-interest ratio is currently 0.4 days.

First Trust Dow Jones Global Select Dividend Index Fund Price Performance

First Trust Dow Jones Global Select Dividend Index Fund stock traded up $0.10 during mid-day trading on Wednesday, hitting $34.38. The company’s stock had a trading volume of 169,313 shares, compared to its average volume of 254,325. The firm’s 50 day moving average is $33.35 and its 200 day moving average is $32.82. The company has a market cap of $1.55 billion, a PE ratio of 9.79 and a beta of 0.65. First Trust Dow Jones Global Select Dividend Index Fund has a 52-week low of $27.37 and a 52-week high of $34.65.

Institutional Trading of First Trust Dow Jones Global Select Dividend Index Fund

A number of hedge funds have recently made changes to their positions in FGD. LPL Financial LLC grew its position in First Trust Dow Jones Global Select Dividend Index Fund by 10.1% during the fourth quarter. LPL Financial LLC now owns 3,336,298 shares of the company’s stock valued at $100,990,000 after purchasing an additional 305,440 shares in the last quarter. Wells Fargo & Company MN lifted its position in First Trust Dow Jones Global Select Dividend Index Fund by 18.8% in the 4th quarter. Wells Fargo & Company MN now owns 2,671,359 shares of the company’s stock worth $80,862,000 after buying an additional 423,527 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of First Trust Dow Jones Global Select Dividend Index Fund by 48.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,807,702 shares of the company’s stock valued at $49,794,000 after buying an additional 593,342 shares during the period. Raymond James Financial Inc. grew its holdings in shares of First Trust Dow Jones Global Select Dividend Index Fund by 428.3% during the 2nd quarter. Raymond James Financial Inc. now owns 1,163,034 shares of the company’s stock valued at $32,030,000 after acquiring an additional 942,903 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of First Trust Dow Jones Global Select Dividend Index Fund by 68.3% during the 1st quarter. Bank of America Corp DE now owns 1,147,241 shares of the company’s stock valued at $36,631,000 after acquiring an additional 465,775 shares in the last quarter.

About First Trust Dow Jones Global Select Dividend Index Fund

First Trust Dow Jones Global Select Dividend 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 Global Select Dividend Index (the Index). The Index is an indicated annual dividend yield weighted index of 100 stocks selected from the developed market portion of the Dow Jones World Index, subject to certain buffers designed to limit turnover. The Index universe is defined as all component companies of the 24 developed-market country indexes in the Dow Jones Global Indexes family.