Short Interest in First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) Drops By 64.7%

First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 19,521 shares, a drop of 64.7% from the April 30th total of 55,237 shares. Based on an average daily volume of 134,027 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Institutional Trading of First Trust STOXX European Select Dividend Index Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in FDD. JPMorgan Chase & Co. bought a new position in shares of First Trust STOXX European Select Dividend Index Fund in the second quarter valued at about $28,000. Triumph Capital Management grew its holdings in First Trust STOXX European Select Dividend Index Fund by 280.0% during the 4th quarter. Triumph Capital Management now owns 1,900 shares of the company’s stock worth $33,000 after acquiring an additional 1,400 shares during the last quarter. Darwin Wealth Management LLC acquired a new stake in First Trust STOXX European Select Dividend Index Fund in the 2nd quarter valued at about $34,000. N.E.W. Advisory Services LLC acquired a new stake in First Trust STOXX European Select Dividend Index Fund in the 4th quarter valued at about $84,000. Finally, Ameritas Advisory Services LLC raised its stake in shares of First Trust STOXX European Select Dividend Index Fund by 2,783.3% in the third quarter. Ameritas Advisory Services LLC now owns 6,026 shares of the company’s stock worth $97,000 after acquiring an additional 5,817 shares during the last quarter.

First Trust STOXX European Select Dividend Index Fund Stock Performance

FDD stock remained flat at $19.63 during trading on Monday. 122,069 shares of the company traded hands, compared to its average volume of 273,811. The stock has a 50 day moving average of $18.80 and a 200 day moving average of $18.03. First Trust STOXX European Select Dividend Index Fund has a 12-month low of $15.14 and a 12-month high of $20.01. The stock has a market cap of $884.33 million, a PE ratio of 9.67 and a beta of 0.68.

About First Trust STOXX European Select Dividend Index Fund

First Trust DJ STOXX Select Dividend 30 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 STOXX Select Dividend 30 Index (the Index). The Index is a dividend weighted index of 30 stocks selected from the Dow Jones STOXX 600 Index, which includes high-dividend yielding companies across 18 European countries. The universe of stocks consists of dividend-paying companies in the Dow Jones STOXX 600 Index that have a positive five-year dividend-per-share growth rate and a dividend to earnings-per-share ratio of 60% or less.