Short Interest in First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) Grows By 591.1%

First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 334,492 shares, an increase of 591.1% from the May 31st total of 48,398 shares. Based on an average daily trading volume, of 630,761 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.2% of the company’s shares are short sold.

Institutional Trading of First Trust Value Line Dividend Index Fund

A number of institutional investors have recently modified their holdings of FVD. AQR Capital Management LLC raised its position in First Trust Value Line Dividend Index Fund by 52.7% during the 1st quarter. AQR Capital Management LLC now owns 33,775 shares of the company’s stock valued at $1,506,000 after purchasing an additional 11,657 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of First Trust Value Line Dividend Index Fund by 21.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 152,245 shares of the company’s stock worth $6,789,000 after buying an additional 26,718 shares during the last quarter. First Trust Advisors LP grew its position in shares of First Trust Value Line Dividend Index Fund by 168.4% in the 2nd quarter. First Trust Advisors LP now owns 21,014 shares of the company’s stock worth $939,000 after buying an additional 13,185 shares during the last quarter. Qube Research & Technologies Ltd increased its stake in shares of First Trust Value Line Dividend Index Fund by 120.6% during the second quarter. Qube Research & Technologies Ltd now owns 75,487 shares of the company’s stock valued at $3,374,000 after buying an additional 41,270 shares during the period. Finally, Diversify Wealth Management LLC bought a new position in shares of First Trust Value Line Dividend Index Fund during the second quarter valued at approximately $201,000.

First Trust Value Line Dividend Index Fund Stock Up 1.2%

NYSEARCA:FVD opened at $48.54 on Friday. The firm has a market capitalization of $8.28 billion, a P/E ratio of 18.85 and a beta of 0.64. The company has a fifty day moving average of $47.60 and a 200 day moving average of $47.62. First Trust Value Line Dividend Index Fund has a 52 week low of $44.31 and a 52 week high of $50.23.

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.