First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) Short Interest Update

First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) saw a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 43,383 shares, a decrease of 80.8% from the June 30th total of 225,536 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 450,194 shares, the short-interest ratio is presently 0.1 days.

First Trust Value Line Dividend Index Fund Trading Up 1.2%

NYSEARCA:FVD traded up $0.61 during trading hours on Friday, reaching $49.91. 331,606 shares of the company traded hands, compared to its average volume of 887,101. The business’s 50-day moving average price is $48.24 and its two-hundred day moving average price is $48.03. The stock has a market capitalization of $8.29 billion, a P/E ratio of 18.85 and a beta of 0.64. First Trust Value Line Dividend Index Fund has a 1 year low of $44.58 and a 1 year high of $50.47.

Hedge Funds Weigh In On First Trust Value Line Dividend Index Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. Signaturefd LLC boosted its stake in First Trust Value Line Dividend Index Fund by 211.6% in the 4th quarter. Signaturefd LLC now owns 592 shares of the company’s stock worth $27,000 after purchasing an additional 402 shares in the last quarter. Cullen Frost Bankers Inc. increased its stake in First Trust Value Line Dividend Index Fund by 70.9% during the 4th quarter. Cullen Frost Bankers Inc. now owns 651 shares of the company’s stock valued at $30,000 after purchasing an additional 270 shares in the last quarter. Godfrey Financial Associates Inc. bought a new stake in First Trust Value Line Dividend Index Fund during the 4th quarter valued at about $30,000. Allied Private Wealth LLC purchased a new position in First Trust Value Line Dividend Index Fund in the second quarter worth about $31,000. Finally, Main Street Group LTD purchased a new position in First Trust Value Line Dividend Index Fund in the first quarter worth about $39,000.

First Trust Value Line Dividend Index Fund Company Profile

First Trust Value Line Dividend Index Fund (the Fund) seeks investment results that correspond generally to the price and yield of an equity index called the Value Line Dividend Index (the Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to objectively identify and select those stocks from the universe of stocks, of which Value Line, Inc gives a Safety Ranking of #1 or #2 in the Value Line Safety Ranking System and have the potential to pay above-average dividends and capital appreciation.