Short Interest in First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) Expands By 74.5%

First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) was the recipient of a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 609,729 shares, an increase of 74.5% from the January 29th total of 349,466 shares. Approximately 1.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 398,680 shares, the days-to-cover ratio is presently 1.5 days. Based on an average daily trading volume, of 398,680 shares, the days-to-cover ratio is presently 1.5 days. Approximately 1.8% of the shares of the stock are short sold.

First Trust Dow Jones Global Select Dividend Index Fund Stock Performance

Shares of NYSEARCA:FGD opened at $33.93 on Monday. First Trust Dow Jones Global Select Dividend Index Fund has a one year low of $21.60 and a one year high of $34.33. The stock has a fifty day moving average of $31.92 and a 200-day moving average of $30.25. The company has a market capitalization of $1.18 billion, a PE ratio of 9.79 and a beta of 0.76.

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

Hedge funds have recently modified their holdings of the stock. Sunbelt Securities Inc. increased its stake in First Trust Dow Jones Global Select Dividend Index Fund by 71.4% in the 4th quarter. Sunbelt Securities Inc. now owns 9,000 shares of the company’s stock worth $272,000 after purchasing an additional 3,750 shares in the last quarter. CacheTech Inc. purchased a new stake in First Trust Dow Jones Global Select Dividend Index Fund during the fourth quarter valued at about $1,139,000. Cetera Investment Advisers boosted its holdings in shares of First Trust Dow Jones Global Select Dividend Index Fund by 76.7% in the fourth quarter. Cetera Investment Advisers now owns 298,568 shares of the company’s stock worth $9,038,000 after buying an additional 129,561 shares during the period. Equitable Holdings Inc. increased its position in shares of First Trust Dow Jones Global Select Dividend Index Fund by 0.6% in the fourth quarter. Equitable Holdings Inc. now owns 75,263 shares of the company’s stock worth $2,278,000 after acquiring an additional 437 shares in the last quarter. Finally, &PARTNERS increased its position in shares of First Trust Dow Jones Global Select Dividend Index Fund by 9.5% in the fourth quarter. &PARTNERS now owns 41,712 shares of the company’s stock worth $1,263,000 after acquiring an additional 3,636 shares in the last quarter.

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.