First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD – Get Free Report) was the target of a large increase in short interest in September. As of September 30th, there was short interest totaling 138,966 shares, an increase of 488.7% from the September 15th total of 23,604 shares. Based on an average trading volume of 183,199 shares, the short-interest ratio is currently 0.8 days. Approximately 0.3% of the shares of the stock are short sold.
Hedge Funds Weigh In On First Trust STOXX European Select Dividend Index Fund
Several large investors have recently bought and sold shares of FDD. Waverly Advisors LLC bought a new stake in First Trust STOXX European Select Dividend Index Fund during the first quarter worth about $2,716,000. Independent Financial Group LLC bought a new stake in shares of First Trust STOXX European Select Dividend Index Fund in the 1st quarter valued at about $394,000. International Assets Investment Management LLC lifted its stake in First Trust STOXX European Select Dividend Index Fund by 3.0% in the 1st quarter. International Assets Investment Management LLC now owns 41,155 shares of the company’s stock valued at $742,000 after purchasing an additional 1,201 shares during the last quarter. Fifth Third Bancorp acquired a new position in First Trust STOXX European Select Dividend Index Fund during the first quarter worth approximately $857,000. Finally, Kestra Advisory Services LLC boosted its position in First Trust STOXX European Select Dividend Index Fund by 25.4% during the first quarter. Kestra Advisory Services LLC now owns 86,923 shares of the company’s stock worth $1,548,000 after purchasing an additional 17,627 shares during the period.
First Trust STOXX European Select Dividend Index Fund Stock Performance
Shares of NYSEARCA FDD traded up $0.10 during midday trading on Friday, reaching $18.62. 57,626 shares of the company traded hands, compared to its average volume of 217,187. The stock’s 50-day simple moving average is $20.09 and its 200-day simple moving average is $19.41. First Trust STOXX European Select Dividend Index Fund has a 12 month low of $15.77 and a 12 month high of $20.80. The firm has a market cap of $867.69 million, a PE ratio of 9.67 and a beta of 0.68.
First Trust STOXX European Select Dividend Index Fund Company Profile
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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