First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) Short Interest Down 87.5% in February

First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) saw a significant decline in short interest during the month of February. As of February 27th, there was short interest totaling 76,324 shares, a decline of 87.5% from the February 12th total of 609,729 shares. Based on an average daily trading volume, of 257,094 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the shares of the company are sold short. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 257,094 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of First Trust Dow Jones Global Select Dividend Index Fund

A number of hedge funds have recently bought and sold shares of FGD. Lloyd Advisory Services LLC. acquired a new stake in First Trust Dow Jones Global Select Dividend Index Fund in the 4th quarter worth $29,000. Hilton Head Capital Partners LLC acquired a new position in shares of First Trust Dow Jones Global Select Dividend Index Fund during the fourth quarter valued at about $38,000. Turning Point Benefit Group Inc. bought a new stake in shares of First Trust Dow Jones Global Select Dividend Index Fund in the third quarter valued at about $54,000. TD Capital Management LLC bought a new stake in shares of First Trust Dow Jones Global Select Dividend Index Fund in the third quarter valued at about $67,000. Finally, Raleigh Capital Management Inc. grew its position in First Trust Dow Jones Global Select Dividend Index Fund by 708.5% during the fourth quarter. Raleigh Capital Management Inc. now owns 3,032 shares of the company’s stock worth $92,000 after buying an additional 2,657 shares in the last quarter.

First Trust Dow Jones Global Select Dividend Index Fund Stock Performance

Shares of FGD traded down $0.08 during mid-day trading on Tuesday, hitting $31.90. The company’s stock had a trading volume of 421,758 shares, compared to its average volume of 309,719. The stock’s 50-day moving average is $32.18 and its two-hundred day moving average is $30.41. The firm has a market capitalization of $1.11 billion, a PE ratio of 9.79 and a beta of 0.76. First Trust Dow Jones Global Select Dividend Index Fund has a one year low of $21.60 and a one year high of $34.33.

About First Trust Dow Jones Global Select Dividend Index Fund

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.