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

First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 75,258 shares, an increase of 85.0% from the September 15th total of 40,678 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 151,626 shares, the days-to-cover ratio is presently 0.5 days.

First Trust Dow Jones Global Select Dividend Index Fund Stock Performance

First Trust Dow Jones Global Select Dividend Index Fund stock opened at $32.94 on Thursday. First Trust Dow Jones Global Select Dividend Index Fund has a 52 week low of $28.57 and a 52 week high of $36.08. The firm has a market capitalization of $1.56 billion, a PE ratio of 9.79 and a beta of 0.65. The business’s 50-day simple moving average is $34.67 and its 200-day simple moving average is $33.76.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC grew its position in First Trust Dow Jones Global Select Dividend Index Fund by 3.3% during the second quarter. NewEdge Advisors LLC now owns 20,771 shares of the company’s stock worth $664,000 after buying an additional 666 shares in the last quarter. Triumph Capital Management raised its holdings in First Trust Dow Jones Global Select Dividend Index Fund by 2.8% in the 2nd quarter. Triumph Capital Management now owns 33,211 shares of the company’s stock valued at $1,062,000 after acquiring an additional 893 shares in the last quarter. Raleigh Capital Management Inc. raised its holdings in First Trust Dow Jones Global Select Dividend Index Fund by 30.2% in the 1st quarter. Raleigh Capital Management Inc. now owns 3,947 shares of the company’s stock valued at $126,000 after acquiring an additional 915 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in First Trust Dow Jones Global Select Dividend Index Fund by 6.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 19,082 shares of the company’s stock valued at $633,000 after acquiring an additional 1,089 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its position in shares of First Trust Dow Jones Global Select Dividend Index Fund by 17.6% in the 1st quarter. International Assets Investment Management LLC now owns 9,768 shares of the company’s stock worth $313,000 after acquiring an additional 1,462 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.