First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) Stock Short Interest Declines 38.0%

First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totaling 288,808 shares, a decline of 38.0% from the September 30th total of 465,975 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 653,258 shares, the short-interest ratio is currently 0.4 days.

First Trust Morningstar Dividend Leaders Index Fund Stock Up 0.6%

FDL stock traded up $0.34 during trading on Monday, reaching $54.19. 570,171 shares of the company’s stock were exchanged, compared to its average volume of 926,306. First Trust Morningstar Dividend Leaders Index Fund has a 1-year low of $42.10 and a 1-year high of $54.24. The firm has a market cap of $8.44 billion, a PE ratio of 13.96 and a beta of 0.58. The company’s fifty day moving average price is $51.59 and its 200-day moving average price is $50.42.

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

Institutional investors have recently bought and sold shares of the stock. Genesis Private Wealth LLC grew its position in First Trust Morningstar Dividend Leaders Index Fund by 0.8% in the 3rd quarter. Genesis Private Wealth LLC now owns 122,949 shares of the exchange traded fund’s stock valued at $6,038,000 after buying an additional 1,023 shares in the last quarter. Commonwealth Equity Services LLC acquired a new stake in shares of First Trust Morningstar Dividend Leaders Index Fund in the 3rd quarter worth approximately $46,996,000. Pathway Financial Advisers LLC acquired a new stake in shares of First Trust Morningstar Dividend Leaders Index Fund in the 3rd quarter worth approximately $38,000. Provenance Wealth Advisors LLC lifted its stake in shares of First Trust Morningstar Dividend Leaders Index Fund by 23.3% in the 3rd quarter. Provenance Wealth Advisors LLC now owns 9,507 shares of the exchange traded fund’s stock worth $467,000 after acquiring an additional 1,795 shares during the period. Finally, Integrity Alliance LLC. bought a new position in shares of First Trust Morningstar Dividend Leaders Index Fund in the third quarter valued at approximately $779,000.

First Trust Morningstar Dividend Leaders Index Fund Company Profile

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.