Short Interest in First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) Increases By 396.1%

First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) saw a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 1,401,761 shares, a growth of 396.1% from the January 29th total of 282,547 shares. Approximately 3.3% of the shares of the stock are sold short. Based on an average daily volume of 718,602 shares, the short-interest ratio is presently 2.0 days. Based on an average daily volume of 718,602 shares, the short-interest ratio is presently 2.0 days. Approximately 3.3% of the shares of the stock are sold short.

First Trust STOXX European Select Dividend Index Fund Trading Down 1.1%

FDD stock opened at $18.74 on Friday. First Trust STOXX European Select Dividend Index Fund has a one year low of $11.97 and a one year high of $18.95. The firm has a 50-day moving average of $18.13 and a two-hundred day moving average of $16.94. The firm has a market capitalization of $794.58 million, a PE ratio of 9.67 and a beta of 0.84.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FDD. Benjamin Edwards Inc. boosted its position in shares of First Trust STOXX European Select Dividend Index Fund by 2.5% in the fourth quarter. Benjamin Edwards Inc. now owns 22,239 shares of the company’s stock valued at $389,000 after acquiring an additional 545 shares during the period. J2 Capital Management Inc grew its position in First Trust STOXX European Select Dividend Index Fund by 1.8% during the 4th quarter. J2 Capital Management Inc now owns 41,523 shares of the company’s stock worth $727,000 after acquiring an additional 724 shares during the last quarter. Berger Financial Group Inc increased its holdings in First Trust STOXX European Select Dividend Index Fund by 4.2% during the 4th quarter. Berger Financial Group Inc now owns 20,124 shares of the company’s stock valued at $352,000 after purchasing an additional 820 shares in the last quarter. Silver Oak Securities Incorporated increased its holdings in First Trust STOXX European Select Dividend Index Fund by 4.2% during the 4th quarter. Silver Oak Securities Incorporated now owns 20,490 shares of the company’s stock valued at $360,000 after purchasing an additional 833 shares in the last quarter. Finally, International Assets Investment Management LLC raised its position in First Trust STOXX European Select Dividend Index Fund by 2.3% in the 3rd quarter. International Assets Investment Management LLC now owns 45,005 shares of the company’s stock valued at $699,000 after purchasing an additional 995 shares during the last quarter.

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.