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 large drop in short interest in the month of September. As of September 15th, there was short interest totaling 37,623 shares, a drop of 48.9% from the August 31st total of 73,677 shares. Based on an average trading volume of 10,011 shares, the short-interest ratio is presently 3.8 days. Approximately 1.3% of the shares of the company are short sold.

Hedge Funds Weigh In On First Trust Dow Jones Select MicroCap Index Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FDM. Integrated Wealth Concepts LLC bought a new position in First Trust Dow Jones Select MicroCap Index Fund during the second quarter valued at about $1,232,000. Baird Financial Group Inc. lifted its stake in First Trust Dow Jones Select MicroCap Index Fund by 3.1% during the second quarter. Baird Financial Group Inc. now owns 143,758 shares of the company’s stock valued at $13,385,000 after purchasing an additional 4,352 shares during the last quarter. Envision Financial LLC boosted its holdings in First Trust Dow Jones Select MicroCap Index Fund by 68.8% during the second quarter. Envision Financial LLC now owns 20,984 shares of the company’s stock worth $1,954,000 after buying an additional 8,552 shares in the last quarter. Whitaker Myers Wealth Managers LTD. grew its position in First Trust Dow Jones Select MicroCap Index Fund by 6.6% in the second quarter. Whitaker Myers Wealth Managers LTD. now owns 3,181 shares of the company’s stock worth $296,000 after buying an additional 197 shares during the last quarter. Finally, Arkadios Wealth Advisors bought a new position in shares of First Trust Dow Jones Select MicroCap Index Fund in the first quarter valued at $421,000.

First Trust Dow Jones Select MicroCap Index Fund Trading Down 0.4%

First Trust Dow Jones Select MicroCap Index Fund stock traded down $0.36 during midday trading on Wednesday, reaching $87.55. 7,628 shares of the stock traded hands, compared to its average volume of 9,176. First Trust Dow Jones Select MicroCap Index Fund has a fifty-two week low of $72.19 and a fifty-two week high of $95.71. The firm has a market cap of $258.27 million, a price-to-earnings ratio of 14.38 and a beta of 0.95. The firm has a fifty day moving average price of $92.25 and a two-hundred day moving average price of $89.00.

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.