First Trust Dow Jones Select MicroCap Index Fund (NYSEARCA:FDM) Short Interest Update

First Trust Dow Jones Select MicroCap Index Fund (NYSEARCA:FDM) was the recipient of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 37,623 shares, a decrease of 48.9% from the August 31st total of 73,677 shares. Based on an average trading volume of 10,011 shares, the short-interest ratio is currently 3.8 days. Currently, 1.3% of the company’s stock are sold short.

Institutional Trading of First Trust Dow Jones Select MicroCap Index Fund

Several hedge funds and other institutional investors have recently made changes to their positions in FDM. Whitaker Myers Wealth Managers LTD. boosted its holdings in shares of First Trust Dow Jones Select MicroCap Index Fund by 6.6% in the second quarter. Whitaker Myers Wealth Managers LTD. now owns 3,181 shares of the company’s stock worth $296,000 after buying an additional 197 shares during the last quarter. Fifth Third Bancorp purchased a new position in shares of First Trust Dow Jones Select MicroCap Index Fund during the 1st quarter worth $29,000. Chicago Partners Investment Group LLC grew its position in shares of First Trust Dow Jones Select MicroCap Index Fund by 0.8% during the 1st quarter. Chicago Partners Investment Group LLC now owns 192,065 shares of the company’s stock valued at $16,829,000 after acquiring an additional 1,587 shares during the period. Texas Yale Capital Corp. increased its stake in shares of First Trust Dow Jones Select MicroCap Index Fund by 18.6% in the 4th quarter. Texas Yale Capital Corp. now owns 12,740 shares of the company’s stock worth $1,014,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Sanctuary Advisors LLC increased its stake in shares of First Trust Dow Jones Select MicroCap Index Fund by 30.1% in the 1st quarter. Sanctuary Advisors LLC now owns 11,269 shares of the company’s stock worth $925,000 after purchasing an additional 2,605 shares in the last quarter.

First Trust Dow Jones Select MicroCap Index Fund Stock Performance

Shares of NYSEARCA:FDM opened at $88.55 on Tuesday. The firm has a market capitalization of $261.22 million, a P/E ratio of 14.38 and a beta of 0.95. The stock has a 50 day moving average price of $92.32 and a 200-day moving average price of $88.96. First Trust Dow Jones Select MicroCap Index Fund has a 52-week low of $72.19 and a 52-week high of $95.71.

About First Trust Dow Jones Select MicroCap Index Fund

First Trust Dow Jones Select MicroCap Index Fund (the Fund) seeks investment results that correspond generally to the price and yield of an equity index called the Dow Jones Select MicroCap Index (the Index). The Fund will normally invest at least 90% of its assets in common stocks that comprise the Index. The Index measures the performance of selected United States micro-capitalization companies chosen from all common stocks traded on the NYSE, NYSE Amex and The NASDAQ Stock Market, Inc that are comparatively liquid and have strong fundamentals relative to the micro-capitalization segment as a whole.