First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) Short Interest Update

First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) saw a significant drop in short interest in January. As of January 15th, there was short interest totaling 49,660 shares, a drop of 47.1% from the December 31st total of 93,883 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 1,113,257 shares, the short-interest ratio is presently 0.0 days. Based on an average trading volume of 1,113,257 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

First Trust Value Line Dividend Index Fund Price Performance

First Trust Value Line Dividend Index Fund stock traded up $0.21 during midday trading on Friday, reaching $47.88. The company’s stock had a trading volume of 2,343,256 shares, compared to its average volume of 1,493,268. The stock has a market capitalization of $8.52 billion, a P/E ratio of 18.85 and a beta of 0.73. The stock’s 50-day simple moving average is $46.58 and its 200-day simple moving average is $46.07. First Trust Value Line Dividend Index Fund has a 52-week low of $40.06 and a 52-week high of $47.92.

Institutional Trading of First Trust Value Line Dividend Index Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Ameriprise Financial Inc. boosted its stake in shares of First Trust Value Line Dividend Index Fund by 15.7% in the second quarter. Ameriprise Financial Inc. now owns 5,579,921 shares of the company’s stock worth $249,413,000 after buying an additional 758,020 shares during the last quarter. UBS Group AG boosted its position in First Trust Value Line Dividend Index Fund by 2.4% in the 3rd quarter. UBS Group AG now owns 3,906,667 shares of the company’s stock worth $180,644,000 after purchasing an additional 91,095 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of First Trust Value Line Dividend Index Fund by 84.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,773,717 shares of the company’s stock worth $128,257,000 after purchasing an additional 1,266,968 shares during the period. HighTower Advisors LLC increased its holdings in shares of First Trust Value Line Dividend Index Fund by 1.2% during the 3rd quarter. HighTower Advisors LLC now owns 1,880,046 shares of the company’s stock valued at $86,933,000 after purchasing an additional 22,359 shares in the last quarter. Finally, Baird Financial Group Inc. increased its holdings in shares of First Trust Value Line Dividend Index Fund by 3.5% during the 2nd quarter. Baird Financial Group Inc. now owns 1,141,242 shares of the company’s stock valued at $51,014,000 after purchasing an additional 38,742 shares in the last quarter.

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.