First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) Stock Short Interest Rises 488.7%

First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totaling 138,966 shares, an increase of 488.7% from the September 15th total of 23,604 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 183,199 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Manchester Financial Inc. increased its holdings in First Trust STOXX European Select Dividend Index Fund by 37.7% in the first quarter. Manchester Financial Inc. now owns 1,966,746 shares of the company’s stock worth $35,028,000 after purchasing an additional 538,011 shares in the last quarter. Bank of America Corp DE grew its stake in First Trust STOXX European Select Dividend Index Fund by 52.3% in the first quarter. Bank of America Corp DE now owns 669,210 shares of the company’s stock valued at $11,919,000 after acquiring an additional 229,723 shares during the period. Waverly Advisors LLC acquired a new position in shares of First Trust STOXX European Select Dividend Index Fund during the first quarter worth approximately $2,716,000. Gateway Wealth Partners LLC lifted its holdings in shares of First Trust STOXX European Select Dividend Index Fund by 140.6% in the 1st quarter. Gateway Wealth Partners LLC now owns 93,912 shares of the company’s stock worth $1,673,000 after purchasing an additional 54,887 shares in the last quarter. Finally, Kestra Private Wealth Services LLC increased its stake in First Trust STOXX European Select Dividend Index Fund by 160.0% during the 1st quarter. Kestra Private Wealth Services LLC now owns 82,302 shares of the company’s stock valued at $1,466,000 after purchasing an additional 50,649 shares in the last quarter.

First Trust STOXX European Select Dividend Index Fund Stock Performance

Shares of First Trust STOXX European Select Dividend Index Fund stock traded up $0.10 during midday trading on Friday, hitting $18.62. 57,626 shares of the company traded hands, compared to its average volume of 217,187. The firm’s fifty day moving average price is $20.09 and its 200-day moving average price is $19.41. The stock has a market cap of $867.69 million, a price-to-earnings ratio of 9.67 and a beta of 0.68. First Trust STOXX European Select Dividend Index Fund has a 12 month low of $15.77 and a 12 month high of $20.80.

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.