Short Interest in First Trust Dow Jones Select MicroCap Index Fund (NYSEARCA:FDM) Expands By 42.9%

First Trust Dow Jones Select MicroCap Index Fund (NYSEARCA:FDM) was the recipient of a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 35,341 shares, a growth of 42.9% from the January 29th total of 24,732 shares. Currently, 1.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 13,284 shares, the short-interest ratio is presently 2.7 days. Based on an average daily trading volume, of 13,284 shares, the short-interest ratio is presently 2.7 days. Currently, 1.3% of the shares of the stock are short sold.

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

A number of large investors have recently added to or reduced their stakes in FDM. Urban Financial Advisory Corp purchased a new stake in shares of First Trust Dow Jones Select MicroCap Index Fund in the 3rd quarter worth about $883,000. Smith Moore & CO. increased its position in First Trust Dow Jones Select MicroCap Index Fund by 3.5% during the 3rd quarter. Smith Moore & CO. now owns 8,273 shares of the company’s stock valued at $627,000 after buying an additional 277 shares in the last quarter. Private Advisory Group LLC raised its position in shares of First Trust Dow Jones Select MicroCap Index Fund by 6.0% in the 3rd quarter. Private Advisory Group LLC now owns 182,544 shares of the company’s stock worth $13,828,000 after purchasing an additional 10,334 shares during the last quarter. Texas Yale Capital Corp. increased its stake in First Trust Dow Jones Select MicroCap Index Fund by 7.4% during the 3rd quarter. Texas Yale Capital Corp. now owns 10,740 shares of the company’s stock valued at $814,000 after purchasing an additional 740 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in First Trust Dow Jones Select MicroCap Index Fund by 16.2% in the 3rd quarter. Jones Financial Companies Lllp now owns 12,843 shares of the company’s stock worth $982,000 after acquiring an additional 1,789 shares during the last quarter.

First Trust Dow Jones Select MicroCap Index Fund Stock Performance

FDM traded down $1.92 during midday trading on Friday, hitting $85.07. The stock had a trading volume of 3,619 shares, compared to its average volume of 8,942. First Trust Dow Jones Select MicroCap Index Fund has a 1 year low of $54.21 and a 1 year high of $87.78. The business has a fifty day moving average of $83.54 and a 200 day moving average of $78.62. The company has a market cap of $229.69 million, a P/E ratio of 14.38 and a beta of 1.05.

About First Trust Dow Jones Select MicroCap Index Fund

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.