First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) Short Interest Update

First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 527,570 shares, a growth of 19.9% from the December 31st total of 439,882 shares. Based on an average trading volume of 1,213,318 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.4% of the company’s stock are sold short. Currently, 0.4% of the company’s stock are sold short. Based on an average trading volume of 1,213,318 shares, the days-to-cover ratio is presently 0.4 days.

First Trust Morningstar Dividend Leaders Index Fund Stock Up 2.3%

Shares of NYSEARCA FDL traded up $1.13 during mid-day trading on Wednesday, reaching $49.84. 1,880,157 shares of the company were exchanged, compared to its average volume of 1,332,476. First Trust Morningstar Dividend Leaders Index Fund has a 1 year low of $37.29 and a 1 year high of $49.85. The firm has a 50-day moving average of $45.16 and a 200 day moving average of $43.96. The stock has a market cap of $6.89 billion, a price-to-earnings ratio of 13.96 and a beta of 0.73.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FDL. Money Concepts Capital Corp grew its position in First Trust Morningstar Dividend Leaders Index Fund by 4.0% during the 4th quarter. Money Concepts Capital Corp now owns 16,385 shares of the exchange traded fund’s stock worth $726,000 after purchasing an additional 630 shares during the last quarter. NWM Advisors LLC purchased a new stake in shares of First Trust Morningstar Dividend Leaders Index Fund during the fourth quarter valued at $478,000. Bensler LLC increased its position in shares of First Trust Morningstar Dividend Leaders Index Fund by 5.6% in the 4th quarter. Bensler LLC now owns 5,107 shares of the exchange traded fund’s stock valued at $226,000 after acquiring an additional 270 shares during the period. International Assets Investment Management LLC increased its position in shares of First Trust Morningstar Dividend Leaders Index Fund by 4.0% in the 4th quarter. International Assets Investment Management LLC now owns 130,023 shares of the exchange traded fund’s stock valued at $5,765,000 after acquiring an additional 5,052 shares during the period. Finally, FSB Premier Wealth Management Inc. raised its stake in First Trust Morningstar Dividend Leaders Index Fund by 0.7% in the 4th quarter. FSB Premier Wealth Management Inc. now owns 33,758 shares of the exchange traded fund’s stock worth $1,497,000 after acquiring an additional 223 shares during the last quarter.

About First Trust Morningstar Dividend Leaders Index Fund

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.