First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) Short Interest Update

First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) was the recipient of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 43,383 shares, a drop of 80.8% from the June 30th total of 225,536 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 450,194 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Signaturefd LLC increased its holdings in shares of First Trust Value Line Dividend Index Fund by 211.6% in the 4th quarter. Signaturefd LLC now owns 592 shares of the company’s stock valued at $27,000 after acquiring an additional 402 shares during the period. Allied Private Wealth LLC acquired a new position in First Trust Value Line Dividend Index Fund in the second quarter valued at $31,000. Godfrey Financial Associates Inc. acquired a new position in First Trust Value Line Dividend Index Fund in the fourth quarter valued at $30,000. Cullen Frost Bankers Inc. raised its holdings in shares of First Trust Value Line Dividend Index Fund by 70.9% in the fourth quarter. Cullen Frost Bankers Inc. now owns 651 shares of the company’s stock valued at $30,000 after buying an additional 270 shares during the last quarter. Finally, Main Street Group LTD acquired a new stake in shares of First Trust Value Line Dividend Index Fund during the first quarter worth about $39,000.

First Trust Value Line Dividend Index Fund Price Performance

NYSEARCA FVD opened at $49.91 on Friday. The company has a fifty day moving average of $48.24 and a two-hundred day moving average of $48.03. The company has a market capitalization of $8.29 billion, a PE ratio of 18.85 and a beta of 0.64. First Trust Value Line Dividend Index Fund has a 1 year low of $44.58 and a 1 year high of $50.47.

About First Trust Value Line Dividend Index Fund

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.