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

First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) saw a large decrease in short interest in October. As of October 15th, there was short interest totaling 11,935 shares, a decrease of 91.4% from the September 30th total of 138,966 shares. Based on an average daily volume of 168,446 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Flagship Harbor Advisors LLC grew its stake in shares of First Trust STOXX European Select Dividend Index Fund by 9.5% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 234,381 shares of the company’s stock valued at $4,505,000 after buying an additional 20,298 shares during the period. Sigma Planning Corp acquired a new position in First Trust STOXX European Select Dividend Index Fund during the 3rd quarter worth approximately $595,000. SBI Securities Co. Ltd. raised its stake in First Trust STOXX European Select Dividend Index Fund by 13.9% during the 3rd quarter. SBI Securities Co. Ltd. now owns 9,671 shares of the company’s stock worth $186,000 after buying an additional 1,183 shares during the period. Ballast Inc. acquired a new position in First Trust STOXX European Select Dividend Index Fund during the 3rd quarter worth approximately $238,000. Finally, Murphy Middleton Hinkle & Parker Inc. raised its stake in First Trust STOXX European Select Dividend Index Fund by 9.2% during the 3rd quarter. Murphy Middleton Hinkle & Parker Inc. now owns 184,974 shares of the company’s stock worth $3,555,000 after buying an additional 15,559 shares during the period.

First Trust STOXX European Select Dividend Index Fund Stock Down 0.2%

FDD traded down $0.04 during trading on Wednesday, hitting $19.11. The company’s stock had a trading volume of 73,511 shares, compared to its average volume of 210,856. The firm has a market capitalization of $882.88 million, a P/E ratio of 9.67 and a beta of 0.68. First Trust STOXX European Select Dividend Index Fund has a twelve month low of $15.81 and a twelve month high of $20.80. The stock’s fifty day moving average price is $19.75 and its 200-day moving average price is $19.07.

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.