First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) Sees Large Decrease in Short Interest

First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) was the target of a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 27,061 shares, a decline of 52.9% from the December 15th total of 57,465 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 123,675 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 123,675 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

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

A number of hedge funds have recently bought and sold shares of the company. Turning Point Benefit Group Inc. acquired a new stake in First Trust Dow Jones Global Select Dividend Index Fund during the third quarter valued at approximately $54,000. TD Capital Management LLC acquired a new stake in shares of First Trust Dow Jones Global Select Dividend Index Fund during the 3rd quarter valued at approximately $67,000. Atlantic Union Bankshares Corp acquired a new stake in shares of First Trust Dow Jones Global Select Dividend Index Fund during the 2nd quarter valued at approximately $105,000. Root Financial Partners LLC bought a new position in First Trust Dow Jones Global Select Dividend Index Fund during the third quarter worth $133,000. Finally, Sunbelt Securities Inc. acquired a new position in First Trust Dow Jones Global Select Dividend Index Fund in the third quarter worth $151,000.

First Trust Dow Jones Global Select Dividend Index Fund Trading Up 0.1%

NYSEARCA FGD traded up $0.03 during trading hours on Thursday, reaching $30.93. 239,216 shares of the company traded hands, compared to its average volume of 250,072. The stock has a market capitalization of $1.04 billion, a PE ratio of 9.79 and a beta of 0.76. First Trust Dow Jones Global Select Dividend Index Fund has a 12 month low of $21.60 and a 12 month high of $30.99. The company has a 50 day moving average of $30.19 and a two-hundred day moving average of $29.22.

First Trust Dow Jones Global Select Dividend Index Fund Company Profile

First Trust Dow Jones Global Select Dividend 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 Global Select Dividend Index (the Index). The Index is an indicated annual dividend yield weighted index of 100 stocks selected from the developed market portion of the Dow Jones World Index, subject to certain buffers designed to limit turnover. The Index universe is defined as all component companies of the 24 developed-market country indexes in the Dow Jones Global Indexes family.