First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) Short Interest Update

First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 354,227 shares, an increase of 66.7% from the August 15th total of 212,477 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 590,995 shares, the short-interest ratio is currently 0.6 days.

First Trust Morningstar Dividend Leaders Index Fund Price Performance

NYSEARCA FDL opened at $51.67 on Thursday. The stock has a market capitalization of $7.76 billion, a P/E ratio of 13.96 and a beta of 0.58. The firm’s 50-day moving average is $52.03 and its two-hundred day moving average is $50.70. First Trust Morningstar Dividend Leaders Index Fund has a 12 month low of $42.10 and a 12 month high of $53.76.

Hedge Funds Weigh In On First Trust Morningstar Dividend Leaders Index Fund

Large investors have recently made changes to their positions in the stock. RFG Advisory LLC boosted its position in shares of First Trust Morningstar Dividend Leaders Index Fund by 16.6% during the 2nd quarter. RFG Advisory LLC now owns 384,975 shares of the exchange traded fund’s stock worth $18,733,000 after purchasing an additional 54,704 shares during the period. NewEdge Advisors LLC raised its position in First Trust Morningstar Dividend Leaders Index Fund by 1.6% in the second quarter. NewEdge Advisors LLC now owns 127,637 shares of the exchange traded fund’s stock valued at $6,211,000 after purchasing an additional 2,014 shares during the period. Allworth Financial LP boosted its position in shares of First Trust Morningstar Dividend Leaders Index Fund by 1.7% during the second quarter. Allworth Financial LP now owns 179,430 shares of the exchange traded fund’s stock worth $8,731,000 after buying an additional 2,973 shares during the period. Waverly Advisors LLC grew its stake in shares of First Trust Morningstar Dividend Leaders Index Fund by 10.2% in the second quarter. Waverly Advisors LLC now owns 15,038 shares of the exchange traded fund’s stock valued at $732,000 after buying an additional 1,393 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new stake in shares of First Trust Morningstar Dividend Leaders Index Fund in the second quarter valued at $4,117,000.

About First Trust Morningstar Dividend Leaders Index Fund

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.