First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) Stock Short Interest Falls 38.0%

First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 288,808 shares, a drop of 38.0% from the September 30th total of 465,975 shares. Based on an average daily volume of 653,258 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the company’s shares are short sold.

First Trust Morningstar Dividend Leaders Index Fund Trading Down 1.0%

FDL stock traded down $0.54 during trading on Tuesday, reaching $53.66. 467,996 shares of the stock were exchanged, compared to its average volume of 926,060. The business has a 50 day moving average price of $51.61 and a 200-day moving average price of $50.47. First Trust Morningstar Dividend Leaders Index Fund has a 1 year low of $42.15 and a 1 year high of $54.24. The firm has a market capitalization of $8.35 billion, a price-to-earnings ratio of 13.96 and a beta of 0.58.

Institutional Trading of First Trust Morningstar Dividend Leaders Index Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. Milestones Private Investment Advisors LLC increased its position in shares of First Trust Morningstar Dividend Leaders Index Fund by 7.0% in the 1st quarter. Milestones Private Investment Advisors LLC now owns 74,621 shares of the exchange traded fund’s stock valued at $3,791,000 after purchasing an additional 4,892 shares during the last quarter. Retirement Planning Group LLC purchased a new position in shares of First Trust Morningstar Dividend Leaders Index Fund in the 1st quarter valued at about $904,000. Illumine Investment Management LLC increased its holdings in shares of First Trust Morningstar Dividend Leaders Index Fund by 44.1% in the 1st quarter. Illumine Investment Management LLC now owns 18,544 shares of the exchange traded fund’s stock valued at $942,000 after acquiring an additional 5,673 shares during the last quarter. Del Sette Capital Management LLC increased its holdings in shares of First Trust Morningstar Dividend Leaders Index Fund by 6.6% in the 1st quarter. Del Sette Capital Management LLC now owns 286,124 shares of the exchange traded fund’s stock valued at $14,535,000 after acquiring an additional 17,839 shares during the last quarter. Finally, International Assets Investment Management LLC raised its position in shares of First Trust Morningstar Dividend Leaders Index Fund by 5.3% during the 1st quarter. International Assets Investment Management LLC now owns 136,962 shares of the exchange traded fund’s stock worth $6,881,000 after acquiring an additional 6,939 shares in the last quarter.

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.