Short Interest in First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) Grows By 266.9%

First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) was the target of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 36,304 shares, an increase of 266.9% from the May 31st total of 9,896 shares. Based on an average trading volume of 106,701 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company’s shares are short sold.

Hedge Funds Weigh In On First Trust STOXX European Select Dividend Index Fund

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

First Trust STOXX European Select Dividend Index Fund Stock Down 0.7%

NYSEARCA:FDD traded down $0.13 during trading hours on Friday, reaching $18.53. 87,634 shares of the stock were exchanged, compared to its average volume of 250,671. First Trust STOXX European Select Dividend Index Fund has a twelve month low of $15.18 and a twelve month high of $20.01. The business has a 50-day moving average of $19.35 and a two-hundred day moving average of $18.44. The company has a market capitalization of $834.78 million, a price-to-earnings ratio of 9.67 and a beta of 0.68.

First Trust STOXX European Select Dividend Index Fund Company Profile

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.