First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) Short Interest Down 37.5% in May

First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) was the recipient of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 60,018 shares, a drop of 37.5% from the April 30th total of 96,050 shares. Based on an average daily trading volume, of 1,305,535 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

First Trust Value Line Dividend Index Fund Trading Up 0.3%

Shares of NYSEARCA:FVD opened at $47.12 on Wednesday. The stock’s 50-day moving average price is $47.44 and its 200-day moving average price is $47.39. First Trust Value Line Dividend Index Fund has a 12-month low of $44.12 and a 12-month high of $50.23. The stock has a market capitalization of $8.03 billion, a P/E ratio of 18.85 and a beta of 0.66.

Institutional Trading of First Trust Value Line Dividend Index Fund

Institutional investors have recently made changes to their positions in the stock. Uniting Wealth Partners LLC purchased a new stake in shares of First Trust Value Line Dividend Index Fund during the third quarter valued at approximately $247,000. Moment Partners LLC grew its stake in shares of First Trust Value Line Dividend Index Fund by 0.6% in the third quarter. Moment Partners LLC now owns 140,249 shares of the company’s stock worth $6,485,000 after purchasing an additional 900 shares during the last quarter. Savvy Advisors Inc. grew its stake in shares of First Trust Value Line Dividend Index Fund by 13.9% in the third quarter. Savvy Advisors Inc. now owns 36,913 shares of the company’s stock worth $1,707,000 after purchasing an additional 4,495 shares during the last quarter. Stratos Wealth Advisors LLC boosted its position in First Trust Value Line Dividend Index Fund by 21.0% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 39,755 shares of the company’s stock valued at $1,838,000 after acquiring an additional 6,905 shares in the last quarter. Finally, Stratos Wealth Partners LTD. boosted its position in First Trust Value Line Dividend Index Fund by 0.6% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 321,178 shares of the company’s stock valued at $14,851,000 after acquiring an additional 1,889 shares in the last quarter.

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.