First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD – Get Free Report) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 100,466 shares, an increase of 617.1% from the July 15th total of 14,011 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 118,503 shares, the short-interest ratio is presently 0.8 days.
First Trust STOXX European Select Dividend Index Fund Price Performance
Shares of First Trust STOXX European Select Dividend Index Fund stock opened at $20.44 on Friday. The company’s 50 day moving average price is $19.41 and its two-hundred day moving average price is $18.91. The firm has a market capitalization of $905.49 million, a P/E 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 $15.71 and a fifty-two week high of $20.54.
Institutional Investors Weigh In On First Trust STOXX European Select Dividend Index Fund
Hedge funds have recently modified their holdings of the company. Next Level Private LLC increased its holdings in First Trust STOXX European Select Dividend Index Fund by 2.5% in the 2nd quarter. Next Level Private LLC now owns 190,195 shares of the company’s stock worth $3,528,000 after purchasing an additional 4,646 shares in the last quarter. Foresight Capital Management Advisors Inc. boosted its stake in shares of First Trust STOXX European Select Dividend Index Fund by 0.5% during the second quarter. Foresight Capital Management Advisors Inc. now owns 215,059 shares of the company’s stock valued at $3,989,000 after purchasing an additional 990 shares in the last quarter. Hobart Private Capital LLC boosted its stake in shares of First Trust STOXX European Select Dividend Index Fund by 0.6% during the second quarter. Hobart Private Capital LLC now owns 178,103 shares of the company’s stock valued at $3,304,000 after purchasing an additional 1,057 shares in the last quarter. Western Wealth Management LLC bought a new stake in shares of First Trust STOXX European Select Dividend Index Fund during the first quarter worth about $170,000. Finally, NewEdge Advisors LLC grew its holdings in shares of First Trust STOXX European Select Dividend Index Fund by 18.6% during the first quarter. NewEdge Advisors LLC now owns 170,069 shares of the company’s stock worth $3,029,000 after purchasing an additional 26,718 shares during the last quarter.
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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