First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD – Get Free Report) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 36,304 shares, a growth of 266.9% from the May 31st total of 9,896 shares. Based on an average daily trading volume, of 106,701 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company’s shares are sold short.
First Trust STOXX European Select Dividend Index Fund Stock Down 0.7%
First Trust STOXX European Select Dividend Index Fund stock traded down $0.13 during mid-day trading on Friday, hitting $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 12 month low of $15.18 and a 12 month high of $20.01. The firm’s fifty day simple moving average is $19.35 and its two-hundred day simple moving average is $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.
Hedge Funds Weigh In On First Trust STOXX European Select Dividend Index Fund
Institutional investors and hedge funds have recently modified their holdings of the business. Benjamin Edwards Inc. increased its stake in shares of First Trust STOXX European Select Dividend Index Fund by 2.5% in the 4th quarter. Benjamin Edwards Inc. now owns 22,239 shares of the company’s stock valued at $389,000 after acquiring an additional 545 shares in the last quarter. J2 Capital Management Inc boosted its stake in First Trust STOXX European Select Dividend Index Fund by 1.8% during the fourth quarter. J2 Capital Management Inc now owns 41,523 shares of the company’s stock worth $727,000 after acquiring an additional 724 shares in the last quarter. Berger Financial Group Inc boosted its stake in First Trust STOXX European Select Dividend Index Fund by 4.2% during the fourth quarter. Berger Financial Group Inc now owns 20,124 shares of the company’s stock worth $352,000 after acquiring an additional 820 shares in the last quarter. Silver Oak Securities Incorporated grew its holdings in First Trust STOXX European Select Dividend Index Fund by 4.2% in the fourth quarter. Silver Oak Securities Incorporated now owns 20,490 shares of the company’s stock worth $360,000 after purchasing an additional 833 shares during the period. Finally, Cetera Investment Advisers grew its holdings in First Trust STOXX European Select Dividend Index Fund by 0.7% in the fourth quarter. Cetera Investment Advisers now owns 145,683 shares of the company’s stock worth $2,549,000 after purchasing an additional 1,031 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.
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