First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) Shares Shorted: Short Interest Up 85.0% in September

First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 75,258 shares, a growth of 85.0% from the September 15th total of 40,678 shares. Based on an average trading volume of 151,626 shares, the short-interest ratio is currently 0.5 days. Currently, 0.2% of the shares of the stock are short sold.

First Trust Dow Jones Global Select Dividend Index Fund Stock Performance

Shares of First Trust Dow Jones Global Select Dividend Index Fund stock traded up $0.05 on Friday, hitting $33.32. 146,632 shares of the company traded hands, compared to its average volume of 221,428. First Trust Dow Jones Global Select Dividend Index Fund has a 52 week low of $28.64 and a 52 week high of $36.08. The business has a 50-day simple moving average of $34.60 and a 200 day simple moving average of $33.77. The stock has a market capitalization of $1.57 billion, a P/E ratio of 9.79 and a beta of 0.65.

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

A number of institutional investors have recently bought and sold shares of FGD. NewEdge Advisors LLC increased its holdings in First Trust Dow Jones Global Select Dividend Index Fund by 3.3% during the 2nd quarter. NewEdge Advisors LLC now owns 20,771 shares of the company’s stock worth $664,000 after purchasing an additional 666 shares during the period. Triumph Capital Management lifted its holdings in shares of First Trust Dow Jones Global Select Dividend Index Fund by 2.8% in the 2nd quarter. Triumph Capital Management now owns 33,211 shares of the company’s stock worth $1,062,000 after buying an additional 893 shares during the period. Raleigh Capital Management Inc. lifted its holdings in shares of First Trust Dow Jones Global Select Dividend Index Fund by 30.2% in the 1st quarter. Raleigh Capital Management Inc. now owns 3,947 shares of the company’s stock worth $126,000 after buying an additional 915 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of First Trust Dow Jones Global Select Dividend Index Fund by 6.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 19,082 shares of the company’s stock worth $633,000 after buying an additional 1,089 shares during the period. Finally, International Assets Investment Management LLC grew its position in shares of First Trust Dow Jones Global Select Dividend Index Fund by 17.6% during the 1st quarter. International Assets Investment Management LLC now owns 9,768 shares of the company’s stock worth $313,000 after buying an additional 1,462 shares in the last quarter.

First Trust Dow Jones Global Select Dividend Index Fund Company Profile

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.