First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) Shares Shorted: Short Interest Down 85.2% in September

First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totaling 23,604 shares, a decrease of 85.2% from the August 31st total of 159,974 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 144,134 shares, the short-interest ratio is currently 0.2 days.

First Trust STOXX European Select Dividend Index Fund Trading Up 1.0%

Shares of FDD traded up $0.19 during mid-day trading on Friday, hitting $19.73. The company’s stock had a trading volume of 75,756 shares, compared to its average volume of 218,509. 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 firm has a market capitalization of $906.59 million, a P/E ratio of 9.67 and a beta of 0.68. The firm has a 50-day simple moving average of $20.20 and a 200 day simple moving average of $19.31.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of FDD. Gateway Wealth Partners LLC increased its holdings in shares of First Trust STOXX European Select Dividend Index Fund by 140.6% in the 1st quarter. Gateway Wealth Partners LLC now owns 93,912 shares of the company’s stock valued at $1,673,000 after purchasing an additional 54,887 shares in the last quarter. Waverly Advisors LLC acquired a new position in shares of First Trust STOXX European Select Dividend Index Fund during the 1st quarter worth $2,716,000. NewEdge Advisors LLC boosted its position in shares of First Trust STOXX European Select Dividend Index Fund by 4.8% in 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 in the last quarter. Hobart Private Capital LLC boosted its position in shares of First Trust STOXX European Select Dividend Index Fund by 0.6% in the 2nd quarter. Hobart Private Capital LLC now owns 178,103 shares of the company’s stock worth $3,304,000 after buying an additional 1,057 shares in the last quarter. Finally, Western Wealth Management LLC acquired a new stake in First Trust STOXX European Select Dividend Index Fund in the 1st quarter valued at about $170,000.

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.