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

First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) was the target of a large decrease in short interest in February. As of February 27th, there was short interest totaling 76,324 shares, a decrease of 87.5% from the February 12th total of 609,729 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 257,094 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 257,094 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the shares of the stock are short sold.

First Trust Dow Jones Global Select Dividend Index Fund Trading Down 0.3%

FGD stock traded down $0.08 during trading on Tuesday, hitting $31.90. The company had a trading volume of 421,758 shares, compared to its average volume of 309,719. The company has a fifty day moving average price of $32.18 and a two-hundred day moving average price of $30.41. First Trust Dow Jones Global Select Dividend Index Fund has a fifty-two week low of $21.60 and a fifty-two week high of $34.33. The company has a market cap of $1.11 billion, a P/E ratio of 9.79 and a beta of 0.76.

Institutional Investors Weigh In On First Trust Dow Jones Global Select Dividend Index Fund

Several institutional investors and hedge funds have recently made changes to their positions in FGD. Lloyd Advisory Services LLC. bought a new stake in shares of First Trust Dow Jones Global Select Dividend Index Fund in the 4th quarter worth about $29,000. Hilton Head Capital Partners LLC bought a new position in First Trust Dow Jones Global Select Dividend Index Fund during the 4th quarter valued at about $38,000. Turning Point Benefit Group Inc. bought a new position in First Trust Dow Jones Global Select Dividend Index Fund during the 3rd quarter valued at about $54,000. TD Capital Management LLC acquired a new position in First Trust Dow Jones Global Select Dividend Index Fund in the third quarter valued at about $67,000. Finally, Raleigh Capital Management Inc. grew its stake 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 worth $92,000 after buying an additional 2,657 shares during 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.