Short Interest in First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) Rises By 85.7%

First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) saw a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 92,206 shares, a growth of 85.7% from the January 15th total of 49,660 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 1,873,365 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 1,873,365 shares, the short-interest ratio is presently 0.0 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Trading of First Trust Value Line Dividend Index Fund

A number of large investors have recently modified their holdings of FVD. AQR Capital Management LLC boosted its holdings in First Trust Value Line Dividend Index Fund by 52.7% in the first quarter. AQR Capital Management LLC now owns 33,775 shares of the company’s stock valued at $1,506,000 after purchasing an additional 11,657 shares during the period. Goldman Sachs Group Inc. raised its position in First Trust Value Line Dividend Index Fund by 21.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 152,245 shares of the company’s stock valued at $6,789,000 after purchasing an additional 26,718 shares in the last quarter. Apollon Wealth Management LLC raised its position in First Trust Value Line Dividend Index Fund by 1.4% in the 2nd quarter. Apollon Wealth Management LLC now owns 16,543 shares of the company’s stock valued at $739,000 after purchasing an additional 224 shares in the last quarter. Mutual Advisors LLC boosted its stake in shares of First Trust Value Line Dividend Index Fund by 13.3% in the 2nd quarter. Mutual Advisors LLC now owns 116,201 shares of the company’s stock valued at $5,336,000 after buying an additional 13,663 shares during the period. Finally, Stratos Wealth Partners LTD. grew its position in shares of First Trust Value Line Dividend Index Fund by 0.3% during the second quarter. Stratos Wealth Partners LTD. now owns 319,289 shares of the company’s stock worth $14,272,000 after buying an additional 941 shares in the last quarter.

First Trust Value Line Dividend Index Fund Price Performance

Shares of NYSEARCA FVD traded up $0.39 during midday trading on Friday, hitting $49.62. The company’s stock had a trading volume of 898,637 shares, compared to its average volume of 1,311,685. The firm has a market capitalization of $8.80 billion, a price-to-earnings ratio of 18.85 and a beta of 0.73. The business’s fifty day simple moving average is $47.06 and its two-hundred day simple moving average is $46.28. First Trust Value Line Dividend Index Fund has a 1 year low of $40.06 and a 1 year high of $49.74.

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.