First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) Sees Large Increase in Short Interest

First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) was the target of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 124,630 shares, an increase of 63.3% from the February 26th total of 76,324 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 358,546 shares, the short-interest ratio is currently 0.3 days.

First Trust Dow Jones Global Select Dividend Index Fund Stock Performance

First Trust Dow Jones Global Select Dividend Index Fund stock traded down $0.04 during midday trading on Friday, reaching $31.13. The stock had a trading volume of 202,091 shares, compared to its average volume of 308,351. First Trust Dow Jones Global Select Dividend Index Fund has a twelve month low of $21.60 and a twelve month high of $34.33. The stock has a market capitalization of $1.08 billion, a PE ratio of 9.79 and a beta of 0.76. The stock’s 50-day simple moving average is $32.40 and its 200 day simple moving average is $30.62.

First Trust Dow Jones Global Select Dividend Index Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th will be issued a $0.111 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Thursday, March 26th.

Institutional Trading of First Trust Dow Jones Global Select Dividend Index Fund

Institutional investors have recently modified their holdings of the company. Cetera Investment Advisers raised its holdings in First Trust Dow Jones Global Select Dividend Index Fund by 43.0% in the second quarter. Cetera Investment Advisers now owns 95,789 shares of the company’s stock valued at $2,638,000 after buying an additional 28,805 shares during the period. Rockefeller Capital Management L.P. grew its stake in First Trust Dow Jones Global Select Dividend Index Fund by 29.9% during the second quarter. Rockefeller Capital Management L.P. now owns 13,991 shares of the company’s stock worth $385,000 after buying an additional 3,223 shares during the period. Financial Advocates Investment Management acquired a new stake in shares of First Trust Dow Jones Global Select Dividend Index Fund in the second quarter worth $302,000. J.W. Cole Advisors Inc. increased its position in shares of First Trust Dow Jones Global Select Dividend Index Fund by 14.8% in the second quarter. J.W. Cole Advisors Inc. now owns 9,771 shares of the company’s stock worth $269,000 after acquiring an additional 1,262 shares in the last quarter. Finally, NewEdge Advisors LLC raised its stake in shares of First Trust Dow Jones Global Select Dividend Index Fund by 1,007.9% in the 2nd quarter. NewEdge Advisors LLC now owns 8,010 shares of the company’s stock valued at $221,000 after acquiring an additional 7,287 shares during the period.

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.