First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) Short Interest Up 63.6% in August

First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) saw a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 132,431 shares, a growth of 63.6% from the July 30th total of 80,961 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 128,911 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of FGD. LPL Financial LLC increased its stake in First Trust Dow Jones Global Select Dividend Index Fund by 10.1% in the fourth quarter. LPL Financial LLC now owns 3,336,298 shares of the company’s stock valued at $100,990,000 after purchasing an additional 305,440 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of First Trust Dow Jones Global Select Dividend Index Fund by 18.8% during the fourth quarter. Wells Fargo & Company MN now owns 2,671,359 shares of the company’s stock worth $80,862,000 after purchasing an additional 423,527 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of First Trust Dow Jones Global Select Dividend Index Fund by 48.9% during the second quarter. Ameriprise Financial Inc. now owns 1,807,702 shares of the company’s stock worth $49,794,000 after purchasing an additional 593,342 shares in the last quarter. Raymond James Financial Inc. grew its holdings in shares of First Trust Dow Jones Global Select Dividend Index Fund by 428.3% in the 2nd quarter. Raymond James Financial Inc. now owns 1,163,034 shares of the company’s stock valued at $32,030,000 after buying an additional 942,903 shares during the period. Finally, Bank of America Corp DE grew its holdings in shares of First Trust Dow Jones Global Select Dividend Index Fund by 68.3% in the 1st quarter. Bank of America Corp DE now owns 1,147,241 shares of the company’s stock valued at $36,631,000 after buying an additional 465,775 shares during the period.

First Trust Dow Jones Global Select Dividend Index Fund Stock Performance

Shares of FGD stock remained flat at $35.63 on Monday. The stock had a trading volume of 135,832 shares, compared to its average volume of 237,793. The firm has a market capitalization of $1.62 billion, a PE ratio of 9.79 and a beta of 0.64. The stock’s 50 day simple moving average is $34.02 and its 200-day simple moving average is $33.38. First Trust Dow Jones Global Select Dividend Index Fund has a one year low of $28.09 and a one year high of $35.91.

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.