First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) Shares Shorted: Short Interest Down 85.2% in September

First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) was the target of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 23,604 shares, a decline of 85.2% from the August 31st total of 159,974 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 144,134 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Western Wealth Management LLC acquired a new stake in shares of First Trust STOXX European Select Dividend Index Fund during the first quarter worth $170,000. LVZ Inc. purchased a new stake in shares of First Trust STOXX European Select Dividend Index Fund in the first quarter valued at about $205,000. Valued Retirements Inc. acquired a new position in shares of First Trust STOXX European Select Dividend Index Fund during the second quarter worth about $210,000. Calton & Associates Inc. purchased a new position in First Trust STOXX European Select Dividend Index Fund during the fourth quarter worth about $272,000. Finally, RFG Advisory LLC lifted its position in First Trust STOXX European Select Dividend Index Fund by 89.7% in the first quarter. RFG Advisory LLC now owns 20,783 shares of the company’s stock valued at $370,000 after purchasing an additional 9,825 shares during the period.

First Trust STOXX European Select Dividend Index Fund Stock Performance

First Trust STOXX European Select Dividend Index Fund stock traded up $0.14 during midday trading on Friday, hitting $19.68. 41,018 shares of the company’s stock were exchanged, compared to its average volume of 218,292. The stock has a market cap of $904.39 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 12-month low of $15.77 and a 12-month high of $20.80. The firm’s 50 day simple moving average is $20.19 and its 200 day simple moving average is $19.31.

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.