First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) Short Interest Down 39.8% in December

First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) was the recipient of a significant drop in short interest during the month of December. As of December 15th, there was short interest totaling 57,465 shares, a drop of 39.8% from the November 30th total of 95,443 shares. Based on an average daily volume of 105,182 shares, the short-interest ratio is currently 0.5 days. Approximately 0.2% of the company’s stock are sold short. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 105,182 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Turning Point Benefit Group Inc. bought a new position in shares of First Trust Dow Jones Global Select Dividend Index Fund during the 3rd quarter valued at $54,000. TD Capital Management LLC purchased a new stake in First Trust Dow Jones Global Select Dividend Index Fund during the third quarter valued at $67,000. Atlantic Union Bankshares Corp purchased a new stake in First Trust Dow Jones Global Select Dividend Index Fund during the second quarter valued at $105,000. Root Financial Partners LLC bought a new position in First Trust Dow Jones Global Select Dividend Index Fund in the third quarter valued at about $133,000. Finally, Sunbelt Securities Inc. bought a new position in First Trust Dow Jones Global Select Dividend Index Fund in the third quarter valued at about $151,000.

First Trust Dow Jones Global Select Dividend Index Fund Stock Performance

Shares of FGD traded down $0.01 during trading hours on Tuesday, hitting $30.45. The company had a trading volume of 192,331 shares, compared to its average volume of 152,279. The stock has a market capitalization of $980.49 million, a price-to-earnings ratio of 9.79 and a beta of 0.76. The firm has a fifty day moving average price of $29.84 and a 200-day moving average price of $28.97. First Trust Dow Jones Global Select Dividend Index Fund has a 52-week low of $21.60 and a 52-week high of $30.79.

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.