First Trust S&P International Dividend Aristocrats ETF (NASDAQ:FID) Stock Short Interest Drops 90.1%

First Trust S&P International Dividend Aristocrats ETF (NASDAQ:FID) was the recipient of a significant drop in short interest during the month of October. As of October 30th, there was short interest totaling 3,730 shares, a drop of 90.1% from the October 15th total of 37,634 shares. Based on an average daily volume of 28,205 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

First Trust S&P International Dividend Aristocrats ETF Trading Up 0.0%

NASDAQ FID traded up $0.01 on Thursday, reaching $22.36. 12,171 shares of the company were exchanged, compared to its average volume of 22,529. The business’s fifty day moving average price is $22.54 and its 200 day moving average price is $22.12. The stock has a market capitalization of $168.82 million, a P/E ratio of 14.33 and a beta of 0.59. First Trust S&P International Dividend Aristocrats ETF has a fifty-two week low of $19.83 and a fifty-two week high of $24.47.

First Trust S&P International Dividend Aristocrats ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were issued a dividend of $0.1570 per share. The ex-dividend date was Thursday, September 24th. This represents a $0.63 annualized dividend and a dividend yield of 2.8%. This is a drop from First Trust S&P International Dividend Aristocrats ETF’s previous quarterly dividend of $0.3850.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Benjamin Edwards Inc. purchased a new stake in shares of First Trust S&P International Dividend Aristocrats ETF in the third quarter valued at about $985,000. Harbour Investments Inc. acquired a new stake in First Trust S&P International Dividend Aristocrats ETF during the third quarter worth about $122,000. Kestra Advisory Services LLC raised its stake in First Trust S&P International Dividend Aristocrats ETF by 6.9% during the third quarter. Kestra Advisory Services LLC now owns 62,284 shares of the company’s stock worth $1,389,000 after purchasing an additional 4,034 shares during the period. Commonwealth Equity Services LLC purchased a new position in First Trust S&P International Dividend Aristocrats ETF during the third quarter worth about $393,000. Finally, Signature Equity Partners LLC raised its stake in First Trust S&P International Dividend Aristocrats ETF by 14,488.6% during the third quarter. Signature Equity Partners LLC now owns 16,631 shares of the company’s stock worth $371,000 after purchasing an additional 16,517 shares during the period.

About First Trust S&P International Dividend Aristocrats ETF

The First Trust S&P International Dividend Aristocrats Fund (FID) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund tracks an index of up to 100 high-dividend-yielding stocks from developed and emerging markets, ex-US. Constituents are selected and weighted by dividends, with screens for payout ratio and long-term dividend growth. FID was launched on Aug 23, 2013 and is managed by First Trust.