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

by · The Cerbat Gem

First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD – Get Free Report) saw a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 124,630 shares, a growth of 63.3% from the February 26th total of 76,324 shares. Based on an average daily volume of 358,546 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.4% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FGD. Lloyd Advisory Services LLC. acquired a new stake in shares of First Trust Dow Jones Global Select Dividend Index Fund in the 4th quarter valued at about $29,000. Hilton Head Capital Partners LLC acquired a new position in First Trust Dow Jones Global Select Dividend Index Fund in the fourth quarter worth about $38,000. Turning Point Benefit Group Inc. acquired a new position in First Trust Dow Jones Global Select Dividend Index Fund in the third quarter worth about $54,000. TD Capital Management LLC bought a new stake in First Trust Dow Jones Global Select Dividend Index Fund in the third quarter valued at about $67,000. Finally, Raleigh Capital Management Inc. raised its stake 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 valued at $92,000 after buying an additional 2,657 shares in the last quarter.

First Trust Dow Jones Global Select Dividend Index Fund Stock Down 0.1%

Shares of First Trust Dow Jones Global Select Dividend Index Fund stock traded down $0.04 on Friday, hitting $31.13. 202,091 shares of the company’s stock traded hands, compared to its average volume of 308,351. First Trust Dow Jones Global Select Dividend Index Fund has a 52-week low of $21.60 and a 52-week high of $34.33. The stock has a market cap of $1.08 billion, a P/E ratio of 9.79 and a beta of 0.76. The firm’s 50-day moving average is $32.40 and its 200 day moving average is $30.62.

First Trust Dow Jones Global Select Dividend Index Fund Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Thursday, March 26th will be issued a $0.111 dividend. The ex-dividend date of this dividend is Thursday, March 26th. This represents a $0.44 annualized dividend and a yield of 1.4%.

First Trust Dow Jones Global Select Dividend Index Fund Company Profile

(Get Free Report)

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.

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