First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) Short Interest Up 85.7% in May

First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 224,152 shares, a growth of 85.7% from the April 30th total of 120,695 shares. Based on an average daily volume of 718,855 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the company’s shares are sold short.

First Trust Morningstar Dividend Leaders Index Fund Price Performance

First Trust Morningstar Dividend Leaders Index Fund stock opened at $49.77 on Tuesday. First Trust Morningstar Dividend Leaders Index Fund has a 12-month low of $41.39 and a 12-month high of $51.46. The stock has a market capitalization of $7.30 billion, a P/E ratio of 13.96 and a beta of 0.59. The firm’s 50-day moving average is $50.00 and its two-hundred day moving average is $47.93.

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

Several hedge funds have recently modified their holdings of FDL. LPL Financial LLC raised its holdings in First Trust Morningstar Dividend Leaders Index Fund by 1.7% in the fourth quarter. LPL Financial LLC now owns 12,408,286 shares of the exchange traded fund’s stock valued at $550,183,000 after buying an additional 202,537 shares during the period. Morgan Stanley raised its holdings in First Trust Morningstar Dividend Leaders Index Fund by 9.9% in the fourth quarter. Morgan Stanley now owns 8,670,709 shares of the exchange traded fund’s stock valued at $384,459,000 after buying an additional 778,170 shares during the period. Raymond James Financial Inc. raised its holdings in First Trust Morningstar Dividend Leaders Index Fund by 15.2% in the fourth quarter. Raymond James Financial Inc. now owns 5,197,530 shares of the exchange traded fund’s stock valued at $230,458,000 after buying an additional 686,116 shares during the period. Ameriprise Financial Inc. raised its holdings in First Trust Morningstar Dividend Leaders Index Fund by 2.2% in the third quarter. Ameriprise Financial Inc. now owns 3,998,214 shares of the exchange traded fund’s stock valued at $173,422,000 after buying an additional 87,037 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in First Trust Morningstar Dividend Leaders Index Fund by 2.3% in the fourth quarter. Wells Fargo & Company MN now owns 3,229,897 shares of the exchange traded fund’s stock valued at $143,214,000 after buying an additional 73,182 shares during the period.

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.