First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) Sees Large Increase in Short Interest

First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 347,320 shares, a growth of 2,788.1% from the November 30th total of 12,026 shares. Currently, 0.9% of the shares of the company are sold short. Based on an average trading volume of 253,537 shares, the days-to-cover ratio is presently 1.4 days. Based on an average trading volume of 253,537 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.9% of the shares of the company are sold short.

First Trust STOXX European Select Dividend Index Fund Stock Up 0.2%

First Trust STOXX European Select Dividend Index Fund stock traded up $0.03 during midday trading on Thursday, reaching $17.48. The stock had a trading volume of 123,033 shares, compared to its average volume of 348,270. The firm has a market capitalization of $678.22 million, a PE ratio of 9.67 and a beta of 0.84. First Trust STOXX European Select Dividend Index Fund has a 12 month low of $11.05 and a 12 month high of $17.51. The firm’s 50-day moving average price is $16.50 and its 200 day moving average price is $16.09.

Institutional Trading of First Trust STOXX European Select Dividend Index Fund

A number of institutional investors have recently added to or reduced their stakes in the stock. Manchester Financial Inc. bought a new position in First Trust STOXX European Select Dividend Index Fund in the 2nd quarter worth about $21,479,000. Raymond James Financial Inc. lifted its holdings in shares of First Trust STOXX European Select Dividend Index Fund by 609.2% in the second quarter. Raymond James Financial Inc. now owns 1,491,557 shares of the company’s stock worth $23,179,000 after buying an additional 1,281,248 shares in the last quarter. SMI Advisory Services LLC bought a new position in shares of First Trust STOXX European Select Dividend Index Fund in the second quarter valued at approximately $19,338,000. Citadel Advisors LLC boosted its position in shares of First Trust STOXX European Select Dividend Index Fund by 2,234.6% in the third quarter. Citadel Advisors LLC now owns 1,169,383 shares of the company’s stock valued at $18,886,000 after acquiring an additional 1,119,294 shares during the period. Finally, ODonnell Financial Services LLC purchased a new position in First Trust STOXX European Select Dividend Index Fund during the second quarter valued at approximately $11,616,000.

First Trust STOXX European Select Dividend Index Fund Company Profile

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.