First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) Short Interest Up 63.6% in August

First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) saw a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 132,431 shares, an increase of 63.6% from the July 30th total of 80,961 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average trading volume of 128,911 shares, the days-to-cover ratio is currently 1.0 days.

First Trust Dow Jones Global Select Dividend Index Fund Price Performance

Shares of FGD remained flat at $35.63 during trading hours on Monday. The stock had a trading volume of 135,832 shares, compared to its average volume of 237,793. The firm has a fifty day simple moving average of $34.02 and a two-hundred day simple moving average of $33.38. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 9.79 and a beta of 0.64. First Trust Dow Jones Global Select Dividend Index Fund has a twelve month low of $28.09 and a twelve month high of $35.91.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. LPL Financial LLC grew its holdings in First Trust Dow Jones Global Select Dividend Index Fund by 10.1% during the 4th quarter. LPL Financial LLC now owns 3,336,298 shares of the company’s stock worth $100,990,000 after acquiring an additional 305,440 shares during the period. Wells Fargo & Company MN boosted its position in shares of First Trust Dow Jones Global Select Dividend Index Fund by 18.8% in the 4th quarter. Wells Fargo & Company MN now owns 2,671,359 shares of the company’s stock worth $80,862,000 after purchasing an additional 423,527 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of First Trust Dow Jones Global Select Dividend Index Fund by 48.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,807,702 shares of the company’s stock worth $49,794,000 after purchasing an additional 593,342 shares during the last quarter. Raymond James Financial Inc. grew its stake in shares of First Trust Dow Jones Global Select Dividend Index Fund by 428.3% during the second quarter. Raymond James Financial Inc. now owns 1,163,034 shares of the company’s stock worth $32,030,000 after purchasing an additional 942,903 shares during the period. Finally, Bank of America Corp DE grew its stake in shares of First Trust Dow Jones Global Select Dividend Index Fund by 68.3% during the first quarter. Bank of America Corp DE now owns 1,147,241 shares of the company’s stock worth $36,631,000 after purchasing an additional 465,775 shares during the period.

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.