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

First Trust S&P International Dividend Aristocrats ETF (NASDAQ:FID) was the target of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 21,571 shares, a decrease of 37.1% from the May 31st total of 34,312 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily volume of 13,599 shares, the days-to-cover ratio is presently 1.6 days.

First Trust S&P International Dividend Aristocrats ETF Price Performance

Shares of NASDAQ:FID traded up $0.01 during midday trading on Friday, reaching $21.55. 15,817 shares of the company’s stock were exchanged, compared to its average volume of 28,821. The firm’s 50 day simple moving average is $21.96 and its two-hundred day simple moving average is $21.51. The stock has a market cap of $158.39 million, a price-to-earnings ratio of 13.94 and a beta of 0.57. First Trust S&P International Dividend Aristocrats ETF has a fifty-two week low of $17.91 and a fifty-two week high of $22.59.

First Trust S&P International Dividend Aristocrats ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a $0.385 dividend. This represents a $1.54 annualized dividend and a dividend yield of 7.1%. This is a positive change from First Trust S&P International Dividend Aristocrats ETF’s previous quarterly dividend of $0.05. The ex-dividend date was Thursday, June 25th.

Institutional Investors Weigh In On First Trust S&P International Dividend Aristocrats ETF

A number of hedge funds have recently bought and sold shares of FID. Signal Advisors Wealth LLC raised its position in shares of First Trust S&P International Dividend Aristocrats ETF by 110.0% in the 1st quarter. Signal Advisors Wealth LLC now owns 68,886 shares of the company’s stock valued at $1,443,000 after purchasing an additional 36,084 shares in the last quarter. Triad Wealth Partners LLC purchased a new position in shares of First Trust S&P International Dividend Aristocrats ETF during the 4th quarter valued at approximately $482,000. Wagner Wealth Management LLC grew its position in shares of First Trust S&P International Dividend Aristocrats ETF by 5.4% during the first quarter. Wagner Wealth Management LLC now owns 811,389 shares of the company’s stock worth $16,995,000 after buying an additional 41,507 shares in the last quarter. Ameriflex Group Inc. acquired a new stake in shares of First Trust S&P International Dividend Aristocrats ETF during the third quarter worth approximately $474,000. Finally, Darwin Wealth Management LLC bought a new stake in shares of First Trust S&P International Dividend Aristocrats ETF in the second quarter worth $62,000.

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.