First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) Short Interest Update

First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) was the recipient of a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 609,729 shares, an increase of 74.5% from the January 29th total of 349,466 shares. Approximately 1.8% of the company’s shares are sold short. Based on an average trading volume of 398,680 shares, the short-interest ratio is presently 1.5 days. Based on an average trading volume of 398,680 shares, the short-interest ratio is presently 1.5 days. Approximately 1.8% of the company’s shares are sold short.

First Trust Dow Jones Global Select Dividend Index Fund Stock Performance

Shares of NYSEARCA FGD traded down $0.28 during trading hours on Friday, hitting $33.93. The company’s stock had a trading volume of 229,290 shares, compared to its average volume of 292,543. First Trust Dow Jones Global Select Dividend Index Fund has a 12 month low of $21.60 and a 12 month high of $34.33. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 9.79 and a beta of 0.76. The business has a 50-day simple moving average of $31.92 and a 200-day simple moving average of $30.23.

Hedge Funds Weigh In On First Trust Dow Jones Global Select Dividend Index Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in FGD. Lloyd Advisory Services LLC. bought a new stake in First Trust Dow Jones Global Select Dividend Index Fund in the fourth quarter valued at $29,000. Hilton Head Capital Partners LLC purchased a new stake in shares of First Trust Dow Jones Global Select Dividend Index Fund in the 4th quarter worth about $38,000. Turning Point Benefit Group Inc. purchased a new stake in shares of First Trust Dow Jones Global Select Dividend Index Fund in the 3rd quarter worth about $54,000. TD Capital Management LLC bought a new stake in shares of First Trust Dow Jones Global Select Dividend Index Fund during the 3rd quarter valued at about $67,000. Finally, Raleigh Capital Management Inc. increased its position in shares of First Trust Dow Jones Global Select Dividend Index Fund by 708.5% during the fourth quarter. Raleigh Capital Management Inc. now owns 3,032 shares of the company’s stock valued at $92,000 after buying an additional 2,657 shares during the period.

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.