First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) Short Interest Up 174.6% in January

First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totaling 74,311 shares, an increase of 174.6% from the December 31st total of 27,061 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average trading volume of 250,120 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 250,120 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the company’s stock are sold short.

First Trust Dow Jones Global Select Dividend Index Fund Price Performance

NYSEARCA:FGD opened at $31.97 on Thursday. The stock has a market cap of $1.09 billion, a PE ratio of 9.79 and a beta of 0.76. First Trust Dow Jones Global Select Dividend Index Fund has a fifty-two week low of $21.60 and a fifty-two week high of $32.07. The stock’s 50-day moving average is $30.49 and its two-hundred day moving average is $29.45.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FGD. Ameriprise Financial Inc. boosted its stake in shares of First Trust Dow Jones Global Select Dividend Index Fund by 48.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,807,702 shares of the company’s stock valued at $49,794,000 after buying an additional 593,342 shares during the period. Raymond James Financial Inc. raised its holdings in shares of First Trust Dow Jones Global Select Dividend Index Fund by 428.3% during the second quarter. Raymond James Financial Inc. now owns 1,163,034 shares of the company’s stock worth $32,030,000 after acquiring an additional 942,903 shares in the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co boosted its position in First Trust Dow Jones Global Select Dividend Index Fund by 68.2% during the second quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 1,063,000 shares of the company’s stock valued at $29,275,000 after purchasing an additional 431,000 shares during the last quarter. AE Wealth Management LLC grew its stake in First Trust Dow Jones Global Select Dividend Index Fund by 1.7% in the fourth quarter. AE Wealth Management LLC now owns 885,410 shares of the company’s stock valued at $26,801,000 after purchasing an additional 14,937 shares in the last quarter. Finally, UBS Group AG grew its stake in First Trust Dow Jones Global Select Dividend Index Fund by 8.6% in the third quarter. UBS Group AG now owns 766,643 shares of the company’s stock valued at $22,041,000 after purchasing an additional 60,922 shares in the last quarter.

About First Trust Dow Jones Global Select Dividend Index Fund

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.