Short Interest in First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) Decreases By 34.0%

First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) was the target of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totaling 329,934 shares, a decrease of 34.0% from the March 15th total of 499,726 shares. Based on an average daily volume of 1,290,093 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Investors Weigh In On First Trust Morningstar Dividend Leaders Index Fund

Several institutional investors have recently added to or reduced their stakes in the business. Basepoint Wealth LLC lifted its holdings in First Trust Morningstar Dividend Leaders Index Fund by 1.2% during the fourth quarter. Basepoint Wealth LLC now owns 17,765 shares of the exchange traded fund’s stock valued at $788,000 after purchasing an additional 215 shares during the last quarter. FSB Premier Wealth Management Inc. lifted its position in shares of First Trust Morningstar Dividend Leaders Index Fund by 0.7% during the fourth 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 in the last quarter. Tyler Stone Wealth Management lifted its position in shares of First Trust Morningstar Dividend Leaders Index Fund by 2.5% during the second quarter. Tyler Stone Wealth Management now owns 9,995 shares of the exchange traded fund’s stock worth $419,000 after acquiring an additional 240 shares in the last quarter. Signature Estate & Investment Advisors LLC lifted its position in shares of First Trust Morningstar Dividend Leaders Index Fund by 1.4% during the fourth quarter. Signature Estate & Investment Advisors LLC now owns 19,485 shares of the exchange traded fund’s stock worth $864,000 after acquiring an additional 260 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. lifted its position in shares of First Trust Morningstar Dividend Leaders Index Fund by 0.9% during the third quarter. B. Riley Wealth Advisors Inc. now owns 29,978 shares of the exchange traded fund’s stock worth $1,301,000 after acquiring an additional 266 shares in the last quarter.

First Trust Morningstar Dividend Leaders Index Fund Stock Up 0.9%

First Trust Morningstar Dividend Leaders Index Fund stock traded up $0.44 during trading on Thursday, hitting $49.72. The stock had a trading volume of 739,959 shares, compared to its average volume of 1,267,518. First Trust Morningstar Dividend Leaders Index Fund has a 1 year low of $39.01 and a 1 year high of $51.46. The stock’s 50 day moving average is $50.34 and its two-hundred day moving average is $46.40. The stock has a market cap of $7.28 billion, a price-to-earnings ratio of 13.96 and a beta of 0.65.

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.