Short Interest in First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) Drops By 76.1%

First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) saw a large decline in short interest in August. As of August 31st, there was short interest totaling 31,714 shares, a decline of 76.1% from the August 15th total of 132,431 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 142,449 shares, the short-interest ratio is presently 0.2 days.

First Trust Dow Jones Global Select Dividend Index Fund Price Performance

FGD stock traded up $0.19 during trading on Friday, hitting $35.49. 147,640 shares of the stock traded hands, compared to its average volume of 232,547. First Trust Dow Jones Global Select Dividend Index Fund has a 1 year low of $28.09 and a 1 year high of $36.08. The firm’s 50 day moving average is $34.67 and its two-hundred day moving average is $33.52. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of 9.79 and a beta of 0.65.

Institutional Investors Weigh In On First Trust Dow Jones Global Select Dividend Index Fund

A number of institutional investors have recently made changes to their positions in FGD. LPL Financial LLC increased its position in shares of First Trust Dow Jones Global Select Dividend Index Fund by 10.1% during the fourth quarter. LPL Financial LLC now owns 3,336,298 shares of the company’s stock valued at $100,990,000 after acquiring an additional 305,440 shares in the last quarter. Wells Fargo & Company MN raised its holdings in First Trust Dow Jones Global Select Dividend Index Fund by 18.8% in the 4th quarter. Wells Fargo & Company MN now owns 2,671,359 shares of the company’s stock worth $80,862,000 after acquiring an additional 423,527 shares during the last quarter. Ameriprise Financial Inc. lifted its position in First Trust Dow Jones Global Select Dividend Index Fund by 48.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,807,702 shares of the company’s stock valued at $49,794,000 after acquiring an additional 593,342 shares in the last quarter. Raymond James Financial Inc. lifted its position in 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 acquiring an additional 942,903 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in 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 acquiring an additional 465,775 shares in the last quarter.

About First Trust Dow Jones Global Select Dividend Index Fund

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.