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

First Trust S&P International Dividend Aristocrats ETF (NASDAQ:FID) saw a significant decline in short interest in February. As of February 13th, there was short interest totaling 27,757 shares, a decline of 98.7% from the January 29th total of 2,119,857 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily volume of 16,882 shares, the days-to-cover ratio is currently 1.6 days. Based on an average daily volume of 16,882 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.4% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Triumph Capital Management acquired a new stake in First Trust S&P International Dividend Aristocrats ETF during the third quarter worth approximately $30,000. PNC Financial Services Group Inc. acquired a new stake in shares of First Trust S&P International Dividend Aristocrats ETF in the 3rd quarter valued at $61,000. Darwin Wealth Management LLC bought a new position in First Trust S&P International Dividend Aristocrats ETF in the second quarter valued at about $62,000. AE Wealth Management LLC raised its stake in First Trust S&P International Dividend Aristocrats ETF by 14.5% during the second quarter. AE Wealth Management LLC now owns 5,103 shares of the company’s stock worth $98,000 after acquiring an additional 648 shares in the last quarter. Finally, Root Financial Partners LLC acquired a new position in First Trust S&P International Dividend Aristocrats ETF during the third quarter worth about $126,000.

First Trust S&P International Dividend Aristocrats ETF Trading Up 0.1%

Shares of NASDAQ:FID traded up $0.03 during trading on Wednesday, hitting $22.53. 18,856 shares of the company’s stock were exchanged, compared to its average volume of 27,220. The firm has a 50-day moving average price of $21.31 and a two-hundred day moving average price of $20.44. The firm has a market cap of $145.32 million, a P/E ratio of 13.94 and a beta of 0.65. First Trust S&P International Dividend Aristocrats ETF has a 1-year low of $15.79 and a 1-year high of $22.57.

First Trust S&P International Dividend Aristocrats ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were given a $0.3031 dividend. The ex-dividend date was Friday, December 12th. This represents a $1.21 annualized dividend and a dividend yield of 5.4%. This is a boost from First Trust S&P International Dividend Aristocrats ETF’s previous quarterly dividend of $0.18.

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.