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 significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 122,671 shares, a decline of 34.8% from the September 30th total of 188,203 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 609,498 shares, the short-interest ratio is presently 0.2 days.

First Trust Value Line Dividend Index Fund Price Performance

FVD opened at $50.71 on Monday. First Trust Value Line Dividend Index Fund has a 52 week low of $44.63 and a 52 week high of $51.41. The business’s 50 day moving average is $49.04 and its two-hundred day moving average is $48.57. The firm has a market cap of $8.08 billion, a price-to-earnings ratio of 18.85 and a beta of 0.63.

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

Institutional investors have recently modified their holdings of the business. Pathway Financial Advisers LLC purchased a new position in shares of First Trust Value Line Dividend Index Fund during the third quarter worth about $51,000. Chicago Partners Investment Group LLC increased its holdings in shares of First Trust Value Line Dividend Index Fund by 0.4% in the third quarter. Chicago Partners Investment Group LLC now owns 86,572 shares of the company’s stock valued at $4,339,000 after purchasing an additional 330 shares during the period. Integrity Alliance LLC. acquired a new position in shares of First Trust Value Line Dividend Index Fund in the third quarter valued at approximately $1,089,000. Next Level Wealth Planning LLC purchased a new stake in shares of First Trust Value Line Dividend Index Fund during the third quarter worth approximately $111,000. Finally, Signature Equity Partners LLC lifted its holdings in shares of First Trust Value Line Dividend Index Fund by 1,634.6% during the third quarter. Signature Equity Partners LLC now owns 24,892 shares of the company’s stock worth $1,168,000 after purchasing an additional 23,457 shares during the period.

About First Trust Value Line Dividend Index Fund

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.