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

First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 75,258 shares, a growth of 85.0% from the September 15th total of 40,678 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 151,626 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Investors Weigh In On First Trust Dow Jones Global Select Dividend Index Fund

Several institutional investors and hedge funds have recently bought and sold shares of the business. Rossmore Private Capital acquired a new position in shares of First Trust Dow Jones Global Select Dividend Index Fund in the 1st quarter valued at $102,000. Raleigh Capital Management Inc. boosted its position in shares of First Trust Dow Jones Global Select Dividend Index Fund by 30.2% during the 1st quarter. Raleigh Capital Management Inc. now owns 3,947 shares of the company’s stock valued at $126,000 after acquiring an additional 915 shares in the last quarter. Compass Financial Management LLC acquired a new stake in shares of First Trust Dow Jones Global Select Dividend Index Fund during the 2nd quarter valued at about $204,000. Geneos Wealth Management Inc. boosted its position in shares of First Trust Dow Jones Global Select Dividend Index Fund by 813.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 6,018 shares of the company’s stock valued at $192,000 after acquiring an additional 5,359 shares in the last quarter. Finally, Private Advisor Group LLC acquired a new stake in shares of First Trust Dow Jones Global Select Dividend Index Fund during the 1st quarter valued at about $208,000.

First Trust Dow Jones Global Select Dividend Index Fund Price Performance

Shares of FGD stock opened at $32.94 on Thursday. The stock has a market cap of $1.56 billion, a P/E ratio of 9.79 and a beta of 0.65. First Trust Dow Jones Global Select Dividend Index Fund has a one year low of $28.57 and a one year high of $36.08. The stock has a fifty day moving average price of $34.67 and a 200 day moving average price of $33.76.

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.