First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) Sees Significant Decrease in Short Interest

First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) saw a significant drop in short interest in April. As of April 15th, there was short interest totaling 53,712 shares, a drop of 28.4% from the March 31st total of 74,977 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 269,354 shares, the short-interest ratio is currently 0.2 days.

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

A number of institutional investors and hedge funds have recently made changes to their positions in FGD. Lloyd Advisory Services LLC. purchased a new stake in shares of First Trust Dow Jones Global Select Dividend Index Fund during the 4th quarter valued at about $29,000. Hilton Head Capital Partners LLC bought a new stake in First Trust Dow Jones Global Select Dividend Index Fund during the fourth quarter worth approximately $38,000. Turning Point Benefit Group Inc. bought a new stake in First Trust Dow Jones Global Select Dividend Index Fund during the third quarter worth approximately $54,000. TD Capital Management LLC purchased a new stake in First Trust Dow Jones Global Select Dividend Index Fund during the third quarter valued at approximately $67,000. Finally, Raleigh Capital Management Inc. raised its position in First Trust Dow Jones Global Select Dividend Index Fund by 708.5% during the fourth quarter. Raleigh Capital Management Inc. now owns 3,032 shares of the company’s stock valued at $92,000 after purchasing an additional 2,657 shares during the period.

First Trust Dow Jones Global Select Dividend Index Fund Trading Up 0.1%

FGD traded up $0.02 during trading on Friday, hitting $33.59. 182,133 shares of the company traded hands, compared to its average volume of 289,968. The company has a market cap of $1.39 billion, a PE ratio of 9.79 and a beta of 0.64. The stock’s 50-day simple moving average is $32.51 and its two-hundred day simple moving average is $31.23. First Trust Dow Jones Global Select Dividend Index Fund has a 1 year low of $25.27 and a 1 year high of $34.33.

First Trust Dow Jones Global Select Dividend Index Fund Company Profile

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.