First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) Shares Shorted: Short Interest Down 91.4% in October

First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) was the recipient of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 11,935 shares, a decrease of 91.4% from the September 30th total of 138,966 shares. Based on an average daily volume of 168,446 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

First Trust STOXX European Select Dividend Index Fund Trading Up 0.5%

Shares of FDD traded up $0.10 during mid-day trading on Monday, hitting $19.17. 73,903 shares of the company’s stock were exchanged, compared to its average volume of 211,776. First Trust STOXX European Select Dividend Index Fund has a fifty-two week low of $15.81 and a fifty-two week high of $20.80. The business’s 50 day moving average is $19.80 and its two-hundred day moving average is $19.06. The firm has a market capitalization of $887.57 million, a P/E ratio of 9.67 and a beta of 0.68.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Western Wealth Management LLC acquired a new stake in shares of First Trust STOXX European Select Dividend Index Fund during the first quarter worth $170,000. SBI Securities Co. Ltd. grew its position in First Trust STOXX European Select Dividend Index Fund by 13.9% in the 3rd quarter. SBI Securities Co. Ltd. now owns 9,671 shares of the company’s stock valued at $186,000 after buying an additional 1,183 shares during the last quarter. Valued Retirements Inc. purchased a new position in First Trust STOXX European Select Dividend Index Fund in the 2nd quarter valued at $210,000. LVZ Inc. acquired a new position in First Trust STOXX European Select Dividend Index Fund in the 1st quarter valued at $205,000. Finally, Ballast Inc. acquired a new position in First Trust STOXX European Select Dividend Index Fund in the 3rd quarter valued at $238,000.

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.