Short Interest in First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) Expands By 396.1%

First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) was the target of a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 1,401,761 shares, a growth of 396.1% from the January 29th total of 282,547 shares. Approximately 3.3% of the shares of the stock are sold short. Based on an average trading volume of 718,602 shares, the days-to-cover ratio is presently 2.0 days. Based on an average trading volume of 718,602 shares, the days-to-cover ratio is presently 2.0 days. Approximately 3.3% of the shares of the stock are sold short.

First Trust STOXX European Select Dividend Index Fund Stock Performance

First Trust STOXX European Select Dividend Index Fund stock opened at $18.93 on Thursday. First Trust STOXX European Select Dividend Index Fund has a 52 week low of $11.97 and a 52 week high of $18.94. The stock has a fifty day moving average of $18.06 and a 200-day moving average of $16.90. The stock has a market capitalization of $802.63 million, a P/E ratio of 9.67 and a beta of 0.84.

Hedge Funds Weigh In On First Trust STOXX European Select Dividend Index Fund

Several large investors have recently bought and sold shares of FDD. Baird Financial Group Inc. bought a new stake in First Trust STOXX European Select Dividend Index Fund during the 1st quarter worth approximately $174,000. Royal Bank of Canada increased its position in shares of First Trust STOXX European Select Dividend Index Fund by 38.6% during the first quarter. Royal Bank of Canada now owns 25,429 shares of the company’s stock worth $346,000 after buying an additional 7,086 shares during the period. Jones Financial Companies Lllp raised its stake in First Trust STOXX European Select Dividend Index Fund by 588.1% during the first quarter. Jones Financial Companies Lllp now owns 27,353 shares of the company’s stock worth $371,000 after buying an additional 23,378 shares during the last quarter. Jane Street Group LLC lifted its holdings in First Trust STOXX European Select Dividend Index Fund by 87.4% in the first quarter. Jane Street Group LLC now owns 153,124 shares of the company’s stock valued at $2,078,000 after buying an additional 71,433 shares during the period. Finally, Focus Partners Wealth bought a new stake in First Trust STOXX European Select Dividend Index Fund during the first quarter valued at $611,000.

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.