Short Interest in First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) Decreases By 61.4%

First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) saw a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 212,477 shares, a decrease of 61.4% from the July 30th total of 549,873 shares. Based on an average daily volume of 634,118 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Trading of First Trust Morningstar Dividend Leaders Index Fund

Hedge funds and other institutional investors have recently bought and sold shares of the business. NWF Advisory Services Inc. lifted its holdings in First Trust Morningstar Dividend Leaders Index Fund by 1.9% during the 2nd quarter. NWF Advisory Services Inc. now owns 11,064 shares of the exchange traded fund’s stock worth $538,000 after buying an additional 203 shares during the last quarter. Basepoint Wealth LLC lifted its stake in First Trust Morningstar Dividend Leaders Index Fund by 1.2% during the fourth quarter. Basepoint Wealth LLC now owns 17,765 shares of the exchange traded fund’s stock worth $788,000 after purchasing an additional 215 shares during the last quarter. FSB Premier Wealth Management Inc. lifted its stake in First Trust Morningstar Dividend Leaders Index Fund by 0.7% during the fourth quarter. FSB Premier Wealth Management Inc. now owns 33,758 shares of the exchange traded fund’s stock worth $1,497,000 after purchasing an additional 223 shares during the last quarter. Signature Estate & Investment Advisors LLC boosted its holdings in First Trust Morningstar Dividend Leaders Index Fund by 1.4% in the fourth quarter. Signature Estate & Investment Advisors LLC now owns 19,485 shares of the exchange traded fund’s stock valued at $864,000 after purchasing an additional 260 shares in the last quarter. Finally, Bensler LLC boosted its holdings in First Trust Morningstar Dividend Leaders Index Fund by 5.6% in the fourth quarter. Bensler LLC now owns 5,107 shares of the exchange traded fund’s stock valued at $226,000 after purchasing an additional 270 shares in the last quarter.

First Trust Morningstar Dividend Leaders Index Fund Price Performance

Shares of First Trust Morningstar Dividend Leaders Index Fund stock traded up $0.16 during trading on Friday, hitting $53.09. 420,647 shares of the stock were exchanged, compared to its average volume of 1,001,204. The stock has a market cap of $8.00 billion, a price-to-earnings ratio of 13.96 and a beta of 0.58. The firm’s 50-day moving average price is $51.12 and its 200 day moving average price is $50.51. First Trust Morningstar Dividend Leaders Index Fund has a 12-month low of $42.10 and a 12-month high of $53.76.

First Trust Morningstar Dividend Leaders Index Fund Company Profile

First Trust Morningstar Dividend Leaders Index Fund, seeks investment results that correspond generally to the price and yield of an equity index called the Morningstar Dividend Leaders Index (the Index). The Fund will invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the Index. The objective of the Index is to offer investors a benchmark for dividend portfolios, as well as a means to invest in a portfolio of stocks that have a consistent record of growing dividends, as well as the ability to sustain them.