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 recipient of a large decline in short interest in August. As of August 31st, there was short interest totaling 31,714 shares, a decline of 76.1% from the August 15th total of 132,431 shares. Based on an average daily volume of 142,449 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are sold short.

First Trust Dow Jones Global Select Dividend Index Fund Stock Up 0.5%

Shares of FGD traded up $0.19 during mid-day trading on Friday, reaching $35.49. The company’s stock had a trading volume of 147,640 shares, compared to its average volume of 232,547. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 9.79 and a beta of 0.65. The business has a fifty day moving average of $34.67 and a 200 day moving average of $33.51. First Trust Dow Jones Global Select Dividend Index Fund has a 1 year low of $28.09 and a 1 year high of $36.08.

Hedge Funds Weigh In On First Trust Dow Jones Global Select Dividend Index Fund

Several institutional investors and hedge funds have recently bought and sold shares of the business. Lloyd Advisory Services LLC. acquired a new position in First Trust Dow Jones Global Select Dividend Index Fund in the 4th quarter valued at approximately $29,000. Hilton Head Capital Partners LLC purchased a new position in shares of First Trust Dow Jones Global Select Dividend Index Fund during the 4th quarter valued at $38,000. Turning Point Benefit Group Inc. acquired a new position in shares of First Trust Dow Jones Global Select Dividend Index Fund in the third quarter worth $54,000. Rossmore Private Capital purchased a new stake in shares of First Trust Dow Jones Global Select Dividend Index Fund during the first quarter worth $102,000. Finally, Raleigh Capital Management Inc. raised its holdings in shares of First Trust Dow Jones Global Select Dividend Index Fund by 30.2% during the first quarter. Raleigh Capital Management Inc. now owns 3,947 shares of the company’s stock worth $126,000 after acquiring an additional 915 shares in the last quarter.

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. The Index universe is defined as all component companies of the 24 developed-market country indexes in the Dow Jones Global Indexes family.