First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) Shares Shorted: Short Interest Down 34.8% in October

First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) saw a significant drop in short interest in October. As of October 15th, there was short interest totaling 122,671 shares, a drop of 34.8% from the September 30th total of 188,203 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 609,498 shares, the short-interest ratio is currently 0.2 days.

First Trust Value Line Dividend Index Fund Stock Down 0.6%

Shares of FVD traded down $0.31 during trading on Tuesday, reaching $51.09. The company’s stock had a trading volume of 315,491 shares, compared to its average volume of 770,549. The company has a fifty day moving average of $49.05 and a two-hundred day moving average of $48.59. First Trust Value Line Dividend Index Fund has a twelve month low of $44.83 and a twelve month high of $51.49. The company has a market cap of $8.14 billion, a price-to-earnings ratio of 18.85 and a beta of 0.63.

Institutional Trading of First Trust Value Line Dividend Index Fund

Several institutional investors and hedge funds have recently bought and sold shares of the company. Hershey Financial Advisers LLC bought a new position in First Trust Value Line Dividend Index Fund in the 1st quarter worth about $241,000. Assetmark Inc. raised its holdings in shares of First Trust Value Line Dividend Index Fund by 3.5% during the first quarter. Assetmark Inc. now owns 229,722 shares of the company’s stock valued at $10,804,000 after buying an additional 7,693 shares during the last quarter. Main Street Group LTD bought a new stake in shares of First Trust Value Line Dividend Index Fund during the first quarter valued at approximately $39,000. Independent Financial Group LLC acquired a new position in shares of First Trust Value Line Dividend Index Fund during the first quarter worth approximately $3,180,000. Finally, Diversify Wealth Management LLC boosted its position in shares of First Trust Value Line Dividend Index Fund by 20.0% during the first quarter. Diversify Wealth Management LLC now owns 5,301 shares of the company’s stock worth $252,000 after buying an additional 882 shares during the period.

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.