Short Interest in First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) Expands By 131.3%

First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totaling 34,393 shares, an increase of 131.3% from the March 31st total of 14,872 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 187,742 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. ODonnell Financial Services LLC lifted its position in First Trust STOXX European Select Dividend Index Fund by 5.6% during the 4th quarter. ODonnell Financial Services LLC now owns 874,012 shares of the company’s stock valued at $15,295,000 after acquiring an additional 46,011 shares during the period. Foresight Capital Management Advisors Inc. increased its stake in First Trust STOXX European Select Dividend Index Fund by 4.6% during the 4th quarter. Foresight Capital Management Advisors Inc. now owns 216,978 shares of the company’s stock valued at $3,797,000 after purchasing an additional 9,516 shares in the last quarter. Berger Financial Group Inc grew its stake in shares of First Trust STOXX European Select Dividend Index Fund by 4.2% in the fourth quarter. Berger Financial Group Inc now owns 20,124 shares of the company’s stock worth $352,000 after acquiring an additional 820 shares during the period. Silver Oak Securities Incorporated grew its stake in shares of First Trust STOXX European Select Dividend Index Fund by 4.2% in the fourth quarter. Silver Oak Securities Incorporated now owns 20,490 shares of the company’s stock worth $360,000 after acquiring an additional 833 shares during the period. Finally, Atria Investments Inc grew its stake in shares of First Trust STOXX European Select Dividend Index Fund by 4.7% in the third quarter. Atria Investments Inc now owns 434,604 shares of the company’s stock worth $7,019,000 after acquiring an additional 19,642 shares during the period.

First Trust STOXX European Select Dividend Index Fund Price Performance

FDD traded up $0.10 during trading on Friday, hitting $18.89. 170,259 shares of the stock traded hands, compared to its average volume of 324,703. The firm has a market capitalization of $850.99 million, a P/E ratio of 9.67 and a beta of 0.68. The firm has a 50-day moving average of $18.24 and a 200 day moving average of $17.49. First Trust STOXX European Select Dividend Index Fund has a 12-month low of $14.17 and a 12-month high of $19.50.

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.