First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) Shares Shorted: Short Interest Up 488.7% in September

First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) saw a large increase in short interest in September. As of September 30th, there was short interest totaling 138,966 shares, an increase of 488.7% from the September 15th total of 23,604 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 183,199 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Investors Weigh In On First Trust STOXX European Select Dividend Index Fund

A number of hedge funds have recently modified their holdings of FDD. Quantinno Capital Management LP boosted its holdings in First Trust STOXX European Select Dividend Index Fund by 249.4% in the 1st quarter. Quantinno Capital Management LP now owns 55,900 shares of the company’s stock valued at $996,000 after purchasing an additional 39,900 shares during the last quarter. Western Wealth Management LLC purchased a new stake in shares of First Trust STOXX European Select Dividend Index Fund in the 1st quarter valued at approximately $170,000. Royal Bank of Canada grew its stake in shares of First Trust STOXX European Select Dividend Index Fund by 20.4% in the 1st quarter. Royal Bank of Canada now owns 203,654 shares of the company’s stock valued at $3,627,000 after buying an additional 34,560 shares during the period. Cetera Investment Advisers increased its holdings in shares of First Trust STOXX European Select Dividend Index Fund by 11.9% during the 1st quarter. Cetera Investment Advisers now owns 163,029 shares of the company’s stock worth $2,904,000 after buying an additional 17,346 shares during the last quarter. Finally, NewEdge Advisors LLC increased its holdings in shares of First Trust STOXX European Select Dividend Index Fund by 4.8% during the 1st quarter. NewEdge Advisors LLC now owns 150,303 shares of the company’s stock worth $2,677,000 after buying an additional 6,952 shares during the last quarter.

First Trust STOXX European Select Dividend Index Fund Stock Up 0.5%

Shares of FDD traded up $0.10 during midday trading on Friday, reaching $18.62. The company had a trading volume of 57,626 shares, compared to its average volume of 217,187. First Trust STOXX European Select Dividend Index Fund has a 1-year low of $15.77 and a 1-year high of $20.80. The stock has a market cap of $867.69 million, a PE ratio of 9.67 and a beta of 0.68. The firm has a 50 day simple moving average of $20.09 and a 200-day simple moving average of $19.42.

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.