First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) Sees Significant Growth in Short Interest

by · The Markets Daily

First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD – Get Free Report) was the target of a large increase in short interest in 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 days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are short sold.

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

Several large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. bought a new stake in First Trust STOXX European Select Dividend Index Fund in the 2nd quarter worth about $28,000. Triumph Capital Management lifted its position in shares of First Trust STOXX European Select Dividend Index Fund by 280.0% during the 4th quarter. Triumph Capital Management now owns 1,900 shares of the company’s stock worth $33,000 after buying an additional 1,400 shares in the last quarter. Darwin Wealth Management LLC purchased a new position in shares of First Trust STOXX European Select Dividend Index Fund in the 2nd quarter worth approximately $34,000. N.E.W. Advisory Services LLC purchased a new position in shares of First Trust STOXX European Select Dividend Index Fund in the 4th quarter worth approximately $84,000. Finally, Larson Financial Group LLC bought a new position in shares of First Trust STOXX European Select Dividend Index Fund in the fourth quarter valued at approximately $119,000.

First Trust STOXX European Select Dividend Index Fund Stock Performance

Shares of First Trust STOXX European Select Dividend Index Fund stock traded down $0.13 on Friday, hitting $18.53. The company had a trading volume of 87,634 shares, compared to its average volume of 250,671. First Trust STOXX European Select Dividend Index Fund has a 1 year low of $15.18 and a 1 year high of $20.01. The stock has a 50 day moving average of $19.35 and a 200-day moving average of $18.43. The stock has a market capitalization of $834.78 million, a price-to-earnings ratio of 9.67 and a beta of 0.68.

About First Trust STOXX European Select Dividend Index Fund

(Get Free Report)

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.

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