First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD – Get Free Report) saw a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 132,431 shares, a growth of 63.6% from the July 30th total of 80,961 shares. Based on an average daily trading volume, of 128,911 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.3% of the company’s shares are sold short.
First Trust Dow Jones Global Select Dividend Index Fund Price Performance
Shares of FGD stock opened at $35.49 on Wednesday. First Trust Dow Jones Global Select Dividend Index Fund has a 1-year low of $28.09 and a 1-year high of $35.91. The firm has a market cap of $1.61 billion, a PE ratio of 9.79 and a beta of 0.64. The company has a 50-day moving average of $34.12 and a two-hundred day moving average of $33.41.
Hedge Funds Weigh In On First Trust Dow Jones Global Select Dividend Index Fund
A number of hedge funds have recently made changes to their positions in FGD. Lloyd Advisory Services LLC. purchased a new stake in First Trust Dow Jones Global Select Dividend Index Fund in the fourth quarter valued at approximately $29,000. Hilton Head Capital Partners LLC purchased a new position in shares of First Trust Dow Jones Global Select Dividend Index Fund during the fourth quarter worth $38,000. Turning Point Benefit Group Inc. purchased a new position in shares of First Trust Dow Jones Global Select Dividend Index Fund during the third quarter worth $54,000. Rossmore Private Capital acquired a new stake in shares of First Trust Dow Jones Global Select Dividend Index Fund in the first quarter valued at $102,000. Finally, CWM LLC grew its stake in shares of First Trust Dow Jones Global Select Dividend Index Fund by 211.0% in the fourth quarter. CWM LLC now owns 3,284 shares of the company’s stock valued at $99,000 after buying an additional 2,228 shares in the last quarter.
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.
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