First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) Short Interest Update

First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) was the target of a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 49,300 shares, a decline of 25.1% from the August 31st total of 65,800 shares. Based on an average trading volume of 137,400 shares, the days-to-cover ratio is presently 0.4 days. Based on an average trading volume of 137,400 shares, the days-to-cover ratio is presently 0.4 days.

First Trust Dow Jones Global Select Dividend Index Fund Stock Up 0.1%

Shares of First Trust Dow Jones Global Select Dividend Index Fund stock opened at $28.73 on Thursday. The company’s 50-day simple moving average is $28.89 and its 200-day simple moving average is $27.03. First Trust Dow Jones Global Select Dividend Index Fund has a 52-week low of $21.60 and a 52-week high of $29.82. The firm has a market cap of $896.38 million, a price-to-earnings ratio of 9.79 and a beta of 0.92.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in FGD. Raymond James Financial Inc. grew its position in First Trust Dow Jones Global Select Dividend Index Fund by 428.3% during the second quarter. Raymond James Financial Inc. now owns 1,163,034 shares of the company’s stock worth $32,030,000 after buying an additional 942,903 shares during the period. Ameriprise Financial Inc. grew its position in First Trust Dow Jones Global Select Dividend Index Fund by 48.9% during the second quarter. Ameriprise Financial Inc. now owns 1,807,702 shares of the company’s stock worth $49,794,000 after buying an additional 593,342 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co grew its position in First Trust Dow Jones Global Select Dividend Index Fund by 68.2% during the second quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 1,063,000 shares of the company’s stock worth $29,275,000 after buying an additional 431,000 shares during the period. Jane Street Group LLC grew its position in First Trust Dow Jones Global Select Dividend Index Fund by 3,856.3% during the second quarter. Jane Street Group LLC now owns 351,755 shares of the company’s stock worth $9,687,000 after buying an additional 342,864 shares during the period. Finally, LPL Financial LLC grew its position in First Trust Dow Jones Global Select Dividend Index Fund by 17.2% during the first quarter. LPL Financial LLC now owns 1,886,889 shares of the company’s stock worth $45,663,000 after buying an additional 277,327 shares during the period.

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.