Short Interest in First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) Drops By 78.3%

First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totaling 65,700 shares, adropof78.3% from the July 15th total of 303,100 shares. Approximately0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 483,200 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 483,200 shares, the days-to-cover ratio is presently 0.1 days. Approximately0.2% of the shares of the stock are sold short.

Institutional Trading of First Trust STOXX European Select Dividend Index Fund

Several large investors have recently bought and sold shares of FDD. Raymond James Financial Inc. boosted its stake in shares of First Trust STOXX European Select Dividend Index Fund by 609.2% during the second quarter. Raymond James Financial Inc. now owns 1,491,557 shares of the company’s stock valued at $23,179,000 after purchasing an additional 1,281,248 shares in the last quarter. Manchester Financial Inc. acquired a new stake in shares of First Trust STOXX European Select Dividend Index Fund during the second quarter valued at about $21,479,000. SMI Advisory Services LLC acquired a new stake in shares of First Trust STOXX European Select Dividend Index Fund during the second quarter valued at about $19,338,000. ODonnell Financial Services LLC acquired a new stake in shares of First Trust STOXX European Select Dividend Index Fund during the second quarter valued at about $11,616,000. Finally, Intellectus Partners LLC boosted its stake in shares of First Trust STOXX European Select Dividend Index Fund by 2.8% during the second quarter. Intellectus Partners LLC now owns 632,650 shares of the company’s stock valued at $9,831,000 after purchasing an additional 17,017 shares in the last quarter.

First Trust STOXX European Select Dividend Index Fund Price Performance

NYSEARCA:FDD opened at $16.39 on Friday. The stock’s 50-day simple moving average is $15.60 and its 200 day simple moving average is $14.30. The firm has a market capitalization of $658.06 million, a PE ratio of 9.67 and a beta of 0.94. First Trust STOXX European Select Dividend Index Fund has a twelve month low of $10.99 and a twelve month high of $16.43.

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.