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 decrease in short interest in the month of February. As of February 13th, there was short interest totaling 257,685 shares, a decrease of 25.9% from the January 29th total of 347,934 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 1,143,951 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 1,143,951 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the company’s shares are short sold.

First Trust Morningstar Dividend Leaders Index Fund Stock Performance

NYSEARCA FDL traded down $0.17 on Wednesday, reaching $50.74. The stock had a trading volume of 1,897,174 shares, compared to its average volume of 1,252,199. The stock has a market cap of $7.05 billion, a P/E ratio of 13.96 and a beta of 0.73. The business’s 50-day moving average price is $47.86 and its 200 day moving average price is $45.10. First Trust Morningstar Dividend Leaders Index Fund has a 12-month low of $37.29 and a 12-month high of $51.46.

Hedge Funds Weigh In On First Trust Morningstar Dividend Leaders Index Fund

A number of institutional investors have recently made changes to their positions in FDL. GoalVest Advisory LLC acquired a new stake in shares of First Trust Morningstar Dividend Leaders Index Fund during the third quarter valued at about $30,000. Providence Capital Advisors LLC bought a new stake in shares of First Trust Morningstar Dividend Leaders Index Fund in the fourth quarter worth $37,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in First Trust Morningstar Dividend Leaders Index Fund in the fourth quarter valued at $37,000. First Command Advisory Services Inc. acquired a new stake in shares of First Trust Morningstar Dividend Leaders Index Fund in the 4th quarter valued at about $38,000. Finally, CX Institutional bought a new position in shares of First Trust Morningstar Dividend Leaders Index Fund during the third quarter worth about $39,000.

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.