First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) Short Interest Update

First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) was the target of a large growth in short interest in February. As of February 13th, there was short interest totaling 609,729 shares, a growth of 74.5% from the January 29th total of 349,466 shares. Based on an average daily volume of 398,680 shares, the short-interest ratio is presently 1.5 days. Approximately 1.8% of the company’s stock are short sold. Approximately 1.8% of the company’s stock are short sold. Based on an average daily volume of 398,680 shares, the short-interest ratio is presently 1.5 days.

First Trust Dow Jones Global Select Dividend Index Fund Stock Performance

Shares of First Trust Dow Jones Global Select Dividend Index Fund stock traded down $0.28 during mid-day trading on Friday, hitting $33.93. 229,290 shares of the stock were exchanged, compared to its average volume of 292,543. First Trust Dow Jones Global Select Dividend Index Fund has a 12 month low of $21.60 and a 12 month high of $34.33. The company has a 50-day simple moving average of $31.92 and a 200 day simple moving average of $30.25. The company has a market capitalization of $1.18 billion, a P/E ratio of 9.79 and a beta of 0.76.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of FGD. Raymond James Financial Inc. raised its stake in shares of First Trust Dow Jones Global Select Dividend Index Fund by 428.3% during the 2nd quarter. Raymond James Financial Inc. now owns 1,163,034 shares of the company’s stock worth $32,030,000 after purchasing an additional 942,903 shares during the period. Ameriprise Financial Inc. increased its holdings in First Trust Dow Jones Global Select Dividend Index Fund by 48.9% during the second quarter. Ameriprise Financial Inc. now owns 1,807,702 shares of the company’s stock worth $49,794,000 after buying an additional 593,342 shares during the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co raised its position in First Trust Dow Jones Global Select Dividend Index Fund by 68.2% in the second quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 1,063,000 shares of the company’s stock worth $29,275,000 after acquiring an additional 431,000 shares during the period. Wells Fargo & Company MN boosted its stake in First Trust Dow Jones Global Select Dividend Index Fund by 18.8% in the fourth quarter. Wells Fargo & Company MN now owns 2,671,359 shares of the company’s stock valued at $80,862,000 after acquiring an additional 423,527 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of First Trust Dow Jones Global Select Dividend Index Fund by 590.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 427,236 shares of the company’s stock valued at $12,932,000 after acquiring an additional 365,373 shares during the period.

About First Trust Dow Jones Global Select Dividend Index Fund

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.