First Trust Dow Jones Select MicroCap Index Fund (NYSEARCA:FDM – Get Free Report) was the recipient of a large decline in short interest in September. As of September 15th, there was short interest totaling 37,623 shares, a decline of 48.9% from the August 31st total of 73,677 shares. Based on an average daily trading volume, of 10,011 shares, the short-interest ratio is currently 3.8 days. Approximately 1.3% of the shares of the company are sold short.
First Trust Dow Jones Select MicroCap Index Fund Price Performance
Shares of NYSEARCA:FDM opened at $88.55 on Tuesday. The company has a market capitalization of $261.22 million, a P/E ratio of 14.38 and a beta of 0.95. First Trust Dow Jones Select MicroCap Index Fund has a 1-year low of $72.19 and a 1-year high of $95.71. The firm’s 50 day simple moving average is $92.32 and its two-hundred day simple moving average is $88.96.
Institutional Trading of First Trust Dow Jones Select MicroCap Index Fund
Several institutional investors have recently made changes to their positions in the business. Bristlecone Value Partners LLC purchased a new stake in First Trust Dow Jones Select MicroCap Index Fund in the 4th quarter worth $1,278,000. Integrated Wealth Concepts LLC purchased a new stake in shares of First Trust Dow Jones Select MicroCap Index Fund during the 2nd quarter worth approximately $1,232,000. E6 Portfolios LLC purchased a new position in shares of First Trust Dow Jones Select MicroCap Index Fund in the fourth quarter valued at $715,000. Envision Financial LLC increased its position in First Trust Dow Jones Select MicroCap Index Fund by 68.8% in the second quarter. Envision Financial LLC now owns 20,984 shares of the company’s stock worth $1,954,000 after purchasing an additional 8,552 shares during the last quarter. Finally, Arkadios Wealth Advisors bought a new position in First Trust Dow Jones Select MicroCap Index Fund during the first quarter valued at $421,000.
First Trust Dow Jones Select MicroCap Index Fund Company Profile
First Trust Dow Jones Select MicroCap Index Fund (the Fund) seeks investment results that correspond generally to the price and yield of an equity index called the Dow Jones Select MicroCap Index (the Index). The Fund will normally invest at least 90% of its assets in common stocks that comprise the Index. The Index measures the performance of selected United States micro-capitalization companies chosen from all common stocks traded on the NYSE, NYSE Amex and The NASDAQ Stock Market, Inc that are comparatively liquid and have strong fundamentals relative to the micro-capitalization segment as a whole.
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