First Trust S&P International Dividend Aristocrats ETF (NASDAQ:FID) Sees Significant Drop in Short Interest

First Trust S&P International Dividend Aristocrats ETF (NASDAQ:FID) was the recipient of a significant decrease in short interest during the month of February. As of February 13th, there was short interest totaling 27,757 shares, a decrease of 98.7% from the January 29th total of 2,119,857 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 16,882 shares, the days-to-cover ratio is currently 1.6 days. Based on an average daily trading volume, of 16,882 shares, the days-to-cover ratio is currently 1.6 days. Approximately 0.4% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Principal Securities Inc. lifted its holdings in First Trust S&P International Dividend Aristocrats ETF by 2.9% during the 4th quarter. Principal Securities Inc. now owns 21,527 shares of the company’s stock valued at $442,000 after buying an additional 613 shares in the last quarter. AE Wealth Management LLC increased its position in shares of First Trust S&P International Dividend Aristocrats ETF by 14.5% during the second quarter. AE Wealth Management LLC now owns 5,103 shares of the company’s stock worth $98,000 after acquiring an additional 648 shares during the period. Gateway Wealth Partners LLC raised its stake in shares of First Trust S&P International Dividend Aristocrats ETF by 1.2% during the fourth quarter. Gateway Wealth Partners LLC now owns 64,191 shares of the company’s stock valued at $1,319,000 after acquiring an additional 756 shares in the last quarter. Sigma Planning Corp boosted its holdings in shares of First Trust S&P International Dividend Aristocrats ETF by 2.5% in the second quarter. Sigma Planning Corp now owns 36,108 shares of the company’s stock valued at $694,000 after purchasing an additional 897 shares during the period. Finally, D.A. Davidson & CO. boosted its holdings in shares of First Trust S&P International Dividend Aristocrats ETF by 0.4% in the third quarter. D.A. Davidson & CO. now owns 236,431 shares of the company’s stock valued at $4,658,000 after purchasing an additional 926 shares during the period.

First Trust S&P International Dividend Aristocrats ETF Stock Performance

Shares of FID stock opened at $22.53 on Thursday. The stock has a 50 day moving average price of $21.31 and a 200 day moving average price of $20.44. First Trust S&P International Dividend Aristocrats ETF has a 52-week low of $15.79 and a 52-week high of $22.57. The firm has a market capitalization of $145.32 million, a P/E ratio of 13.94 and a beta of 0.65.

First Trust S&P International Dividend Aristocrats ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were given a dividend of $0.3031 per share. This represents a $1.21 annualized dividend and a dividend yield of 5.4%. This is a positive change from First Trust S&P International Dividend Aristocrats ETF’s previous quarterly dividend of $0.18. The ex-dividend date was Friday, December 12th.

First Trust S&P International Dividend Aristocrats ETF Company Profile

The First Trust S&P International Dividend Aristocrats Fund (FID) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund tracks an index of up to 100 high-dividend-yielding stocks from developed and emerging markets, ex-US. Constituents are selected and weighted by dividends, with screens for payout ratio and long-term dividend growth. FID was launched on Aug 23, 2013 and is managed by First Trust.