First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) Short Interest Down 50.2% in April

First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) was the target of a significant decrease in short interest in April. As of April 30th, there was short interest totaling 120,695 shares, a decrease of 50.2% from the April 15th total of 242,161 shares. Based on an average daily trading volume, of 758,800 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

First Trust Morningstar Dividend Leaders Index Fund Price Performance

First Trust Morningstar Dividend Leaders Index Fund stock opened at $49.68 on Monday. First Trust Morningstar Dividend Leaders Index Fund has a 52-week low of $40.99 and a 52-week high of $51.46. The firm has a market capitalization of $7.29 billion, a price-to-earnings ratio of 13.96 and a beta of 0.59. The company has a fifty day simple moving average of $49.92 and a 200-day simple moving average of $47.34.

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

A number of large investors have recently modified their holdings of FDL. Roxbury Financial LLC acquired a new position in shares of First Trust Morningstar Dividend Leaders Index Fund during the 1st quarter valued at about $32,000. SouthState Bank Corp acquired a new position in shares of First Trust Morningstar Dividend Leaders Index Fund during the 1st quarter valued at about $32,000. Providence Capital Advisors LLC acquired a new position in shares of First Trust Morningstar Dividend Leaders Index Fund during the 4th quarter valued at about $37,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of First Trust Morningstar Dividend Leaders Index Fund during the 4th quarter valued at about $37,000. Finally, First Command Advisory Services Inc. acquired a new position in shares of First Trust Morningstar Dividend Leaders Index Fund during the 4th quarter valued at about $38,000.

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.