First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) Short Interest Down 49.3% in May

First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) saw a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 9,896 shares, a drop of 49.3% from the May 14th total of 19,521 shares. Based on an average trading volume of 107,002 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Institutional Trading of First Trust STOXX European Select Dividend Index Fund

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Baird Financial Group Inc. bought a new position in shares of First Trust STOXX European Select Dividend Index Fund during the first quarter valued at $174,000. Royal Bank of Canada raised its holdings 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 valued at $346,000 after purchasing an additional 7,086 shares during the last quarter. Jones Financial Companies Lllp raised its stake in First Trust STOXX European Select Dividend Index Fund by 588.1% during the 1st quarter. Jones Financial Companies Lllp now owns 27,353 shares of the company’s stock valued at $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 acquiring an additional 71,433 shares during the period. Finally, Focus Partners Wealth bought a new position in shares of First Trust STOXX European Select Dividend Index Fund in the 1st quarter worth approximately $611,000.

First Trust STOXX European Select Dividend Index Fund Price Performance

NYSEARCA:FDD traded up $0.16 during mid-day trading on Friday, hitting $19.82. 130,059 shares of the company’s stock were exchanged, compared to its average volume of 260,326. The company has a market cap of $892.89 million, a PE ratio of 9.67 and a beta of 0.68. First Trust STOXX European Select Dividend Index Fund has a one year low of $15.14 and a one year high of $20.01. The business has a fifty day moving average price of $19.21 and a 200 day moving average price of $18.24.

About First Trust STOXX European Select Dividend Index Fund

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.