First Trust S&P International Dividend Aristocrats ETF (NASDAQ:FID) Sees Large Drop in Short Interest

First Trust S&P International Dividend Aristocrats ETF (NASDAQ:FID) was the recipient of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 21,571 shares, a drop of 37.1% from the May 31st total of 34,312 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 13,599 shares, the short-interest ratio is currently 1.6 days.

Institutional Investors Weigh In On First Trust S&P International Dividend Aristocrats ETF

Several institutional investors have recently made changes to their positions in the stock. LPL Financial LLC grew its stake in shares of First Trust S&P International Dividend Aristocrats ETF by 7.9% during the 4th quarter. LPL Financial LLC now owns 1,119,453 shares of the company’s stock worth $23,005,000 after purchasing an additional 81,728 shares during the period. Wagner Wealth Management LLC increased its holdings in First Trust S&P International Dividend Aristocrats ETF by 5.4% in the first quarter. Wagner Wealth Management LLC now owns 811,389 shares of the company’s stock valued at $16,995,000 after buying an additional 41,507 shares in the last quarter. Arkadios Wealth Advisors purchased a new position in First Trust S&P International Dividend Aristocrats ETF in the first quarter valued at about $15,299,000. Hobart Private Capital LLC lifted its position in shares of First Trust S&P International Dividend Aristocrats ETF by 7.4% during the 4th quarter. Hobart Private Capital LLC now owns 278,845 shares of the company’s stock valued at $5,730,000 after acquiring an additional 19,151 shares during the period. Finally, D.A. Davidson & CO. lifted its position in shares of First Trust S&P International Dividend Aristocrats ETF by 1.1% during the 1st quarter. D.A. Davidson & CO. now owns 246,440 shares of the company’s stock valued at $5,162,000 after acquiring an additional 2,638 shares during the period.

First Trust S&P International Dividend Aristocrats ETF Price Performance

Shares of FID stock traded up $0.19 during trading hours on Thursday, hitting $21.52. The stock had a trading volume of 10,965 shares, compared to its average volume of 28,772. The stock’s 50 day moving average is $21.96 and its 200 day moving average is $21.50. The firm has a market capitalization of $158.17 million, a PE ratio of 13.94 and a beta of 0.57. First Trust S&P International Dividend Aristocrats ETF has a twelve month low of $17.91 and a twelve month high of $22.59.

First Trust S&P International Dividend Aristocrats ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a $0.385 dividend. The ex-dividend date was Thursday, June 25th. This is an increase from First Trust S&P International Dividend Aristocrats ETF’s previous quarterly dividend of $0.05. This represents a $1.54 dividend on an annualized basis and a yield of 7.2%.

First Trust S&P International Dividend Aristocrats ETF Company Profile

The First Trust S&P International Dividend Aristocrats Fund (FID) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund tracks an index of up to 100 high-dividend-yielding stocks from developed and emerging markets, ex-US. Constituents are selected and weighted by dividends, with screens for payout ratio and long-term dividend growth. FID was launched on Aug 23, 2013 and is managed by First Trust.