First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) Sees Large Decline in Short Interest

First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) was the target of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 49,660 shares, a decrease of 47.1% from the December 31st total of 93,883 shares. Currently, 0.0% of the shares of the stock are sold short. 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 shares of the stock are sold short.

First Trust Value Line Dividend Index Fund Stock Up 0.4%

Shares of First Trust Value Line Dividend Index Fund stock traded up $0.21 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 company has a market capitalization of $8.52 billion, a P/E ratio of 18.85 and a beta of 0.73. The stock has a 50-day moving average price of $46.58 and a 200-day moving average price of $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 Investors Weigh In On First Trust Value Line Dividend Index Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Signaturefd LLC lifted its stake in shares of First Trust Value Line Dividend Index Fund by 211.6% in the fourth quarter. Signaturefd LLC now owns 592 shares of the company’s stock worth $27,000 after buying an additional 402 shares in the last quarter. Hilltop National Bank acquired a new stake in First Trust Value Line Dividend Index Fund in the 4th quarter valued at about $28,000. Quaker Wealth Management LLC lifted its stake in First Trust Value Line Dividend Index Fund by 200.5% in the 2nd quarter. Quaker Wealth Management LLC now owns 827 shares of the company’s stock worth $37,000 after purchasing an additional 1,650 shares in the last quarter. First Horizon Corp acquired a new position in shares of First Trust Value Line Dividend Index Fund during the 4th quarter worth approximately $44,000. Finally, Winnow Wealth LLC acquired a new position in shares of First Trust Value Line Dividend Index Fund during the 2nd quarter worth approximately $45,000.

First Trust Value Line Dividend Index Fund Company Profile

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.