First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) Sees Large Decrease in Short Interest

First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) was the recipient of a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 19,521 shares, a decrease of 64.7% from the April 30th total of 55,237 shares. Based on an average daily volume of 134,027 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Hedge Funds Weigh In On First Trust STOXX European Select Dividend Index Fund

A number of large investors have recently added to or reduced their stakes in FDD. Benjamin Edwards Inc. lifted its holdings in shares of First Trust STOXX European Select Dividend Index Fund by 2.5% during the fourth quarter. Benjamin Edwards Inc. now owns 22,239 shares of the company’s stock worth $389,000 after purchasing an additional 545 shares during the period. J2 Capital Management Inc boosted its holdings in First Trust STOXX European Select Dividend Index Fund by 1.8% during the fourth quarter. J2 Capital Management Inc now owns 41,523 shares of the company’s stock worth $727,000 after buying an additional 724 shares in the last quarter. Berger Financial Group Inc grew its position in shares of 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 acquiring an additional 820 shares during the period. Silver Oak Securities Incorporated grew its holdings in First Trust STOXX European Select Dividend Index Fund by 4.2% in the fourth 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 during the period. Finally, Cetera Investment Advisers increased its holdings in First Trust STOXX European Select Dividend Index Fund by 0.7% in the 4th quarter. Cetera Investment Advisers now owns 145,683 shares of the company’s stock worth $2,549,000 after acquiring an additional 1,031 shares in the last quarter.

First Trust STOXX European Select Dividend Index Fund Price Performance

NYSEARCA FDD traded up $0.01 during midday trading on Friday, hitting $19.63. 144,504 shares of the company traded hands, compared to its average volume of 275,299. The company has a market cap of $884.33 million, a PE ratio of 9.67 and a beta of 0.68. First Trust STOXX European Select Dividend Index Fund has a 52 week low of $15.11 and a 52 week high of $20.01. The company’s 50-day simple moving average is $18.80 and its 200-day simple moving average is $18.02.

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.