First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) Short Interest Update

First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) saw a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 23,604 shares, a decline of 85.2% from the August 31st total of 159,974 shares. Based on an average daily volume of 144,134 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

First Trust STOXX European Select Dividend Index Fund Price Performance

Shares of First Trust STOXX European Select Dividend Index Fund stock traded up $0.19 during midday trading on Friday, reaching $19.73. The company had a trading volume of 75,756 shares, compared to its average volume of 218,509. The stock has a fifty day moving average price of $20.20 and a 200 day moving average price of $19.31. The firm has a market cap of $906.59 million, a PE ratio of 9.67 and a beta of 0.68. First Trust STOXX European Select Dividend Index Fund has a fifty-two week low of $15.77 and a fifty-two week high of $20.80.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its position in shares of First Trust STOXX European Select Dividend Index Fund by 5.1% during the second quarter. Envestnet Asset Management Inc. now owns 390,954 shares of the company’s stock worth $7,252,000 after buying an additional 18,831 shares during the period. Integrated Wealth Concepts LLC boosted its position in First Trust STOXX European Select Dividend Index Fund by 7.2% during the second quarter. Integrated Wealth Concepts LLC now owns 59,734 shares of the company’s stock valued at $1,108,000 after acquiring an additional 4,016 shares during the last quarter. NewEdge Advisors LLC boosted its position in First Trust STOXX European Select Dividend Index Fund by 21.2% during the second quarter. NewEdge Advisors LLC now owns 206,138 shares of the company’s stock valued at $3,824,000 after acquiring an additional 36,069 shares during the last quarter. Baird Financial Group Inc. grew its holdings in First Trust STOXX European Select Dividend Index Fund by 1.3% during the 2nd quarter. Baird Financial Group Inc. now owns 148,140 shares of the company’s stock worth $2,748,000 after acquiring an additional 1,946 shares during the period. Finally, Waverly Advisors LLC grew its holdings in First Trust STOXX European Select Dividend Index Fund by 1.7% during the 2nd quarter. Waverly Advisors LLC now owns 155,046 shares of the company’s stock worth $2,876,000 after acquiring an additional 2,569 shares during the period.

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.