First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) Stock Short Interest Rises 105.6%

First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 133,286 shares, a growth of 105.6% from the August 31st total of 64,840 shares. Based on an average trading volume of 484,404 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are sold short.

First Trust Value Line Dividend Index Fund Trading Down 0.2%

Shares of NYSEARCA:FVD opened at $47.29 on Wednesday. The firm has a market cap of $7.64 billion, a price-to-earnings ratio of 18.85 and a beta of 0.63. First Trust Value Line Dividend Index Fund has a 1 year low of $44.63 and a 1 year high of $51.41. The business has a fifty day simple moving average of $49.83 and a 200 day simple moving average of $48.52.

Institutional Investors Weigh In On First Trust Value Line Dividend Index Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Integrated Wealth Concepts LLC grew its stake in shares of First Trust Value Line Dividend Index Fund by 28.6% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 138,564 shares of the company’s stock valued at $6,676,000 after buying an additional 30,851 shares in the last quarter. NewEdge Advisors LLC increased its holdings in First Trust Value Line Dividend Index Fund by 1.9% in the second quarter. NewEdge Advisors LLC now owns 584,925 shares of the company’s stock worth $28,182,000 after buying an additional 11,166 shares during the last quarter. Baird Financial Group Inc. raised its position in First Trust Value Line Dividend Index Fund by 7.1% during the second quarter. Baird Financial Group Inc. now owns 889,586 shares of the company’s stock valued at $42,860,000 after acquiring an additional 59,092 shares in the last quarter. Tucker Asset Management LLC bought a new position in First Trust Value Line Dividend Index Fund during the second quarter valued at approximately $208,000. Finally, Ameritas Advisory Services LLC raised its position in First Trust Value Line Dividend Index Fund by 132.4% during the second quarter. Ameritas Advisory Services LLC now owns 84,484 shares of the company’s stock valued at $4,070,000 after acquiring an additional 48,132 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.