First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) Stock Short Interest Report for October

First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 122,671 shares, a decrease of 34.8% from the September 30th total of 188,203 shares. Based on an average daily volume of 609,498 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

First Trust Value Line Dividend Index Fund Stock Performance

Shares of FVD opened at $50.71 on Monday. First Trust Value Line Dividend Index Fund has a twelve month low of $44.63 and a twelve month high of $51.41. The firm’s fifty day simple moving average is $49.04 and its 200-day simple moving average is $48.57. The firm has a market capitalization of $8.08 billion, a price-to-earnings ratio of 18.85 and a beta of 0.63.

Institutional Investors Weigh In On First Trust Value Line Dividend Index Fund

Institutional investors have recently added to or reduced their stakes in the business. Signaturefd LLC purchased a new position in shares of First Trust Value Line Dividend Index Fund in the 3rd quarter valued at $28,000. TOP Private Wealth LLC. acquired a new position in First Trust Value Line Dividend Index Fund in the second quarter valued at $29,000. Livelsberger Financial Advisory acquired a new position in First Trust Value Line Dividend Index Fund in the third quarter valued at $29,000. Allied Private Wealth LLC purchased a new position in shares of First Trust Value Line Dividend Index Fund during the second quarter worth about $31,000. Finally, Main Street Group LTD purchased a new position in shares of First Trust Value Line Dividend Index Fund during 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.