First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) Short Interest Up 120.3% in July

First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 14,011 shares, an increase of 120.3% from the June 30th total of 6,360 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 121,750 shares, the days-to-cover ratio is currently 0.1 days.

First Trust STOXX European Select Dividend Index Fund Stock Up 2.3%

Shares of FDD stock traded up $0.45 on Thursday, reaching $20.01. 90,926 shares of the stock were exchanged, compared to its average volume of 234,998. The stock has a market cap of $886.44 million, a P/E ratio of 9.67 and a beta of 0.69. The firm has a 50 day moving average of $19.27 and a two-hundred day moving average of $18.71. First Trust STOXX European Select Dividend Index Fund has a 1-year low of $15.18 and a 1-year high of $20.06.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Morgan Stanley lifted its stake in shares of First Trust STOXX European Select Dividend Index Fund by 2.0% in the 4th quarter. Morgan Stanley now owns 3,351,416 shares of the company’s stock valued at $58,650,000 after purchasing an additional 66,147 shares in the last quarter. Manchester Financial Inc. increased its position in First Trust STOXX European Select Dividend Index Fund by 37.7% during the 1st quarter. Manchester Financial Inc. now owns 1,966,746 shares of the company’s stock worth $35,028,000 after purchasing an additional 538,011 shares in the last quarter. Raymond James Financial Inc. increased its position in First Trust STOXX European Select Dividend Index Fund by 11.2% during the 3rd quarter. Raymond James Financial Inc. now owns 1,658,204 shares of the company’s stock worth $26,780,000 after purchasing an additional 166,647 shares in the last quarter. UBS Group AG raised its holdings in First Trust STOXX European Select Dividend Index Fund by 40.4% in the third quarter. UBS Group AG now owns 1,621,452 shares of the company’s stock valued at $26,186,000 after buying an additional 466,815 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in First Trust STOXX European Select Dividend Index Fund by 83.2% during the third quarter. Ameriprise Financial Inc. now owns 1,191,190 shares of the company’s stock valued at $19,238,000 after buying an additional 541,016 shares in the last quarter.

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.