First Trust Dow Jones Select MicroCap Index Fund (NYSEARCA:FDM) Short Interest Update

First Trust Dow Jones Select MicroCap Index Fund (NYSEARCA:FDM) was the target of a significant drop in short interest in March. As of March 31st, there was short interest totaling 29,731 shares, a drop of 29.3% from the March 15th total of 42,033 shares. Based on an average daily trading volume, of 8,328 shares, the days-to-cover ratio is presently 3.6 days. Currently, 1.1% of the shares of the company are sold short.

First Trust Dow Jones Select MicroCap Index Fund Stock Performance

NYSEARCA FDM traded down $0.53 during trading on Wednesday, reaching $86.88. 53,853 shares of the company traded hands, compared to its average volume of 8,677. The stock’s 50 day moving average price is $84.14 and its two-hundred day moving average price is $80.45. The company has a market cap of $239.79 million, a price-to-earnings ratio of 14.38 and a beta of 0.97. First Trust Dow Jones Select MicroCap Index Fund has a 1-year low of $57.42 and a 1-year high of $87.78.

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

A number of institutional investors have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. boosted its holdings in First Trust Dow Jones Select MicroCap Index Fund by 100.0% during the second quarter. Geneos Wealth Management Inc. now owns 400 shares of the company’s stock valued at $29,000 after purchasing an additional 200 shares in the last quarter. Fifth Third Securities Inc. boosted its holdings in First Trust Dow Jones Select MicroCap Index Fund by 3.1% during the third quarter. Fifth Third Securities Inc. now owns 8,955 shares of the company’s stock valued at $678,000 after purchasing an additional 269 shares in the last quarter. Smith Moore & CO. boosted its holdings in First Trust Dow Jones Select MicroCap Index Fund by 3.5% during the third quarter. Smith Moore & CO. now owns 8,273 shares of the company’s stock valued at $627,000 after purchasing an additional 277 shares in the last quarter. CoreCap Advisors LLC boosted its holdings in First Trust Dow Jones Select MicroCap Index Fund by 22.4% during the fourth quarter. CoreCap Advisors LLC now owns 2,515 shares of the company’s stock valued at $200,000 after purchasing an additional 461 shares in the last quarter. Finally, Manning & Napier Advisors LLC acquired a new stake in First Trust Dow Jones Select MicroCap Index Fund during the third quarter valued at approximately $38,000.

First Trust Dow Jones Select MicroCap Index Fund Company Profile

First Trust Dow Jones Select MicroCap Index Fund (the Fund) seeks investment results that correspond generally to the price and yield of an equity index called the Dow Jones Select MicroCap Index (the Index). The Fund will normally invest at least 90% of its assets in common stocks that comprise the Index. The Index measures the performance of selected United States micro-capitalization companies chosen from all common stocks traded on the NYSE, NYSE Amex and The NASDAQ Stock Market, Inc that are comparatively liquid and have strong fundamentals relative to the micro-capitalization segment as a whole.