First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) Short Interest Update

First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) was the recipient of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 58,707 shares, a decrease of 54.5% from the June 30th total of 129,059 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 155,384 shares, the days-to-cover ratio is currently 0.4 days.

First Trust Dow Jones Global Select Dividend Index Fund Stock Up 0.7%

FGD stock traded up $0.23 during midday trading on Tuesday, hitting $34.28. 115,481 shares of the company traded hands, compared to its average volume of 254,932. First Trust Dow Jones Global Select Dividend Index Fund has a twelve month low of $27.37 and a twelve month high of $34.36. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 9.79 and a beta of 0.65. The business has a 50 day simple moving average of $33.32 and a 200-day simple moving average of $32.77.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FGD. Kingdom Financial Group LLC. acquired a new position in First Trust Dow Jones Global Select Dividend Index Fund during the 4th quarter worth $308,000. Rockport Wealth LLC grew its position in shares of First Trust Dow Jones Global Select Dividend Index Fund by 8.4% in the fourth quarter. Rockport Wealth LLC now owns 18,943 shares of the company’s stock valued at $573,000 after purchasing an additional 1,471 shares during the last quarter. Truist Financial Corp grew its position in shares of First Trust Dow Jones Global Select Dividend Index Fund by 16.0% in the fourth quarter. Truist Financial Corp now owns 52,166 shares of the company’s stock valued at $1,579,000 after purchasing an additional 7,206 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of First Trust Dow Jones Global Select Dividend Index Fund in the fourth quarter worth about $251,000. Finally, Comerica Bank increased its stake in shares of First Trust Dow Jones Global Select Dividend Index Fund by 4.6% in the fourth quarter. Comerica Bank now owns 19,718 shares of the company’s stock worth $597,000 after purchasing an additional 869 shares during the period.

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.