Short Interest in First Trust Dow Jones Select MicroCap Index Fund (NYSEARCA:FDM) Expands By 42.9%

First Trust Dow Jones Select MicroCap Index Fund (NYSEARCA:FDM) saw a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 35,341 shares, a growth of 42.9% from the January 29th total of 24,732 shares. Based on an average trading volume of 13,284 shares, the short-interest ratio is presently 2.7 days. Approximately 1.3% of the shares of the company are sold short. Approximately 1.3% of the shares of the company are sold short. Based on an average trading volume of 13,284 shares, the short-interest ratio is presently 2.7 days.

Hedge Funds Weigh In On First Trust Dow Jones Select MicroCap Index Fund

A number of hedge funds have recently modified their holdings of the company. Urban Financial Advisory Corp bought a new position in First Trust Dow Jones Select MicroCap Index Fund in the 3rd quarter worth $883,000. Smith Moore & CO. raised its position in shares of First Trust Dow Jones Select MicroCap Index Fund by 3.5% during the third quarter. Smith Moore & CO. now owns 8,273 shares of the company’s stock valued at $627,000 after buying an additional 277 shares during the last quarter. Private Advisory Group LLC raised its position in shares of First Trust Dow Jones Select MicroCap Index Fund by 6.0% during the third quarter. Private Advisory Group LLC now owns 182,544 shares of the company’s stock valued at $13,828,000 after buying an additional 10,334 shares during the last quarter. Texas Yale Capital Corp. lifted its holdings in shares of First Trust Dow Jones Select MicroCap Index Fund by 7.4% in the third quarter. Texas Yale Capital Corp. now owns 10,740 shares of the company’s stock worth $814,000 after buying an additional 740 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its position in shares of First Trust Dow Jones Select MicroCap Index Fund by 16.2% during the third quarter. Jones Financial Companies Lllp now owns 12,843 shares of the company’s stock worth $982,000 after acquiring an additional 1,789 shares during the last quarter.

First Trust Dow Jones Select MicroCap Index Fund Price Performance

Shares of NYSEARCA:FDM traded down $1.92 during trading on Friday, hitting $85.07. The company’s stock had a trading volume of 3,619 shares, compared to its average volume of 8,942. First Trust Dow Jones Select MicroCap Index Fund has a 12 month low of $54.21 and a 12 month high of $87.78. The firm has a market cap of $229.69 million, a price-to-earnings ratio of 14.38 and a beta of 1.05. The company has a 50-day moving average of $83.54 and a 200-day moving average of $78.62.

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.