Short Interest in First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) Increases By 617.1%

First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) saw a large increase in short interest in July. As of July 31st, there was short interest totaling 100,466 shares, an increase of 617.1% from the July 15th total of 14,011 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 118,503 shares, the short-interest ratio is presently 0.8 days.

Institutional Investors Weigh In On First Trust STOXX European Select Dividend Index Fund

A number of institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. bought a new stake in shares of First Trust STOXX European Select Dividend Index Fund during the second quarter valued at approximately $28,000. Triumph Capital Management lifted its position in First Trust STOXX European Select Dividend Index Fund by 280.0% in the 4th quarter. Triumph Capital Management now owns 1,900 shares of the company’s stock valued at $33,000 after acquiring an additional 1,400 shares in the last quarter. Darwin Wealth Management LLC bought a new position in First Trust STOXX European Select Dividend Index Fund in the 2nd quarter valued at approximately $34,000. N.E.W. Advisory Services LLC purchased a new stake in First Trust STOXX European Select Dividend Index Fund during the 4th quarter valued at $84,000. Finally, Larson Financial Group LLC purchased a new stake in First Trust STOXX European Select Dividend Index Fund during the 4th quarter valued at $119,000.

First Trust STOXX European Select Dividend Index Fund Price Performance

FDD stock traded up $0.06 during trading on Wednesday, hitting $20.45. 35,122 shares of the stock traded hands, compared to its average volume of 232,542. The stock has a market cap of $905.71 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 1 year low of $15.71 and a 1 year high of $20.54. The firm’s 50 day moving average is $19.37 and its two-hundred day moving average is $18.88.

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.