First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) Short Interest Up 370.3% in January

First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) was the target of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 349,466 shares, a growth of 370.3% from the January 15th total of 74,311 shares. Based on an average daily volume of 260,908 shares, the short-interest ratio is currently 1.3 days. Approximately 1.0% of the shares of the company are sold short. Approximately 1.0% of the shares of the company are sold short. Based on an average daily volume of 260,908 shares, the short-interest ratio is currently 1.3 days.

First Trust Dow Jones Global Select Dividend Index Fund Trading Up 0.8%

First Trust Dow Jones Global Select Dividend Index Fund stock traded up $0.28 during mid-day trading on Friday, hitting $33.79. The stock had a trading volume of 134,945 shares, compared to its average volume of 298,003. First Trust Dow Jones Global Select Dividend Index Fund has a one year low of $21.60 and a one year high of $33.92. The firm’s 50 day moving average is $31.11 and its 200 day moving average is $29.78. The firm has a market capitalization of $1.18 billion, a P/E ratio of 9.79 and a beta of 0.76.

Institutional Investors Weigh In On First Trust Dow Jones Global Select Dividend Index Fund

Several institutional investors have recently modified their holdings of the stock. Lloyd Advisory Services LLC. purchased a new position in First Trust Dow Jones Global Select Dividend Index Fund during the 4th quarter valued at $29,000. Hilton Head Capital Partners LLC purchased a new stake in shares of First Trust Dow Jones Global Select Dividend Index Fund during the fourth quarter valued at about $38,000. Turning Point Benefit Group Inc. acquired a new stake in First Trust Dow Jones Global Select Dividend Index Fund in the third quarter valued at approximately $54,000. TD Capital Management LLC purchased a new position in First Trust Dow Jones Global Select Dividend Index Fund during the 3rd quarter worth $67,000. Finally, Raleigh Capital Management Inc. grew its stake in shares of First Trust Dow Jones Global Select Dividend Index Fund by 708.5% during the fourth quarter. Raleigh Capital Management Inc. now owns 3,032 shares of the company’s stock worth $92,000 after acquiring an additional 2,657 shares during the last quarter.

About First Trust Dow Jones Global Select Dividend Index Fund

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.