First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) Short Interest Up 52.4% in March

First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totaling 103,194 shares, an increase of 52.4% from the March 15th total of 67,727 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 1,073,794 shares, the days-to-cover ratio is currently 0.1 days.

First Trust Value Line Dividend Index Fund Stock Up 0.2%

Shares of First Trust Value Line Dividend Index Fund stock traded up $0.09 during trading on Tuesday, reaching $48.07. The company’s stock had a trading volume of 497,150 shares, compared to its average volume of 1,015,885. The business’s 50-day moving average price is $48.36 and its 200-day moving average price is $46.98. The firm has a market cap of $8.26 billion, a PE ratio of 18.85 and a beta of 0.70. First Trust Value Line Dividend Index Fund has a 52 week low of $42.01 and a 52 week high of $50.23.

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

A number of institutional investors have recently modified their holdings of the business. Wedbush Securities Inc. raised its stake in First Trust Value Line Dividend Index Fund by 0.4% during the fourth quarter. Wedbush Securities Inc. now owns 52,781 shares of the company’s stock worth $2,432,000 after acquiring an additional 205 shares in the last quarter. Flagship Harbor Advisors LLC raised its stake in First Trust Value Line Dividend Index Fund by 0.9% during the third quarter. Flagship Harbor Advisors LLC now owns 25,362 shares of the company’s stock worth $1,173,000 after acquiring an additional 230 shares in the last quarter. Signature Estate & Investment Advisors LLC raised its stake in First Trust Value Line Dividend Index Fund by 0.3% during the fourth quarter. Signature Estate & Investment Advisors LLC now owns 82,437 shares of the company’s stock worth $3,799,000 after acquiring an additional 239 shares in the last quarter. Cullen Frost Bankers Inc. raised its stake in First Trust Value Line Dividend Index Fund by 70.9% during the fourth quarter. Cullen Frost Bankers Inc. now owns 651 shares of the company’s stock worth $30,000 after acquiring an additional 270 shares in the last quarter. Finally, Sequent Planning LLC raised its stake in First Trust Value Line Dividend Index Fund by 1.0% during the third quarter. Sequent Planning LLC now owns 30,648 shares of the company’s stock worth $1,417,000 after acquiring an additional 291 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.