First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) Short Interest Update

First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) was the target of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 132,431 shares, an increase of 63.6% from the July 30th total of 80,961 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average trading volume of 128,911 shares, the days-to-cover ratio is currently 1.0 days.

First Trust Dow Jones Global Select Dividend Index Fund Price Performance

FGD stock traded down $0.14 during mid-day trading on Tuesday, hitting $35.49. 137,013 shares of the stock were exchanged, compared to its average volume of 237,189. The business has a fifty day moving average price of $34.07 and a 200 day moving average price of $33.40. First Trust Dow Jones Global Select Dividend Index Fund has a 12 month low of $28.09 and a 12 month high of $35.91. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 9.79 and a beta of 0.64.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of FGD. Ameritas Advisory Services LLC purchased a new stake in shares of First Trust Dow Jones Global Select Dividend Index Fund in the 2nd quarter valued at $330,000. Compass Financial Management LLC purchased a new stake in First Trust Dow Jones Global Select Dividend Index Fund during the second quarter valued at about $204,000. Legacy Wealth Managment LLC ID grew its stake in shares of First Trust Dow Jones Global Select Dividend Index Fund by 5.2% during the second quarter. Legacy Wealth Managment LLC ID now owns 30,772 shares of the company’s stock valued at $984,000 after buying an additional 1,534 shares during the last quarter. Concurrent Investment Advisors LLC increased its holdings in shares of First Trust Dow Jones Global Select Dividend Index Fund by 6.1% in the second quarter. Concurrent Investment Advisors LLC now owns 66,822 shares of the company’s stock worth $2,138,000 after buying an additional 3,833 shares during the period. Finally, XML Financial LLC purchased a new position in shares of First Trust Dow Jones Global Select Dividend Index Fund in the second quarter worth about $305,000.

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.