First Trust S&P International Dividend Aristocrats ETF (NASDAQ:FID) Sees Large Drop in Short Interest

First Trust S&P International Dividend Aristocrats ETF (NASDAQ:FID) was the recipient of a large decrease in short interest in June. As of June 15th, there was short interest totaling 21,571 shares, a decrease of 37.1% from the May 31st total of 34,312 shares. Based on an average trading volume of 13,599 shares, the short-interest ratio is currently 1.6 days. Currently, 0.3% of the company’s shares are short sold.

First Trust S&P International Dividend Aristocrats ETF Trading Up 0.9%

First Trust S&P International Dividend Aristocrats ETF stock traded up $0.19 during midday trading on Thursday, reaching $21.52. 10,965 shares of the stock traded hands, compared to its average volume of 28,772. The firm has a market cap of $158.17 million, a PE ratio of 13.94 and a beta of 0.57. The company has a 50-day simple moving average of $21.96 and a two-hundred day simple moving average of $21.50. First Trust S&P International Dividend Aristocrats ETF has a 12-month low of $17.91 and a 12-month high of $22.59.

First Trust S&P International Dividend Aristocrats ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a dividend of $0.385 per share. This is a boost from First Trust S&P International Dividend Aristocrats ETF’s previous quarterly dividend of $0.05. This represents a $1.54 annualized dividend and a dividend yield of 7.2%. The ex-dividend date of this dividend was Thursday, June 25th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Triumph Capital Management purchased a new stake in First Trust S&P International Dividend Aristocrats ETF during the 3rd quarter worth approximately $30,000. Western Wealth Management LLC acquired a new stake in First Trust S&P International Dividend Aristocrats ETF during the 1st quarter worth approximately $30,000. PNC Financial Services Group Inc. acquired a new position in shares of First Trust S&P International Dividend Aristocrats ETF in the third quarter worth $61,000. Darwin Wealth Management LLC purchased a new stake in shares of First Trust S&P International Dividend Aristocrats ETF during the second quarter worth $62,000. Finally, Rockefeller Capital Management L.P. increased its position in shares of First Trust S&P International Dividend Aristocrats ETF by 47.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 4,307 shares of the company’s stock worth $89,000 after acquiring an additional 1,383 shares during the period.

About First Trust S&P International Dividend Aristocrats ETF

The First Trust S&P International Dividend Aristocrats Fund (FID) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund tracks an index of up to 100 high-dividend-yielding stocks from developed and emerging markets, ex-US. Constituents are selected and weighted by dividends, with screens for payout ratio and long-term dividend growth. FID was launched on Aug 23, 2013 and is managed by First Trust.