Short Interest in First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) Increases By 19.9%

First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 527,570 shares, an increase of 19.9% from the December 31st total of 439,882 shares. Based on an average daily volume of 1,213,318 shares, the short-interest ratio is presently 0.4 days. Approximately 0.4% of the shares of the stock are sold short. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily volume of 1,213,318 shares, the short-interest ratio is presently 0.4 days.

First Trust Morningstar Dividend Leaders Index Fund Price Performance

Shares of FDL stock traded up $0.82 on Tuesday, hitting $48.71. 1,326,072 shares of the company’s stock were exchanged, compared to its average volume of 1,312,058. The company has a 50 day moving average of $45.06 and a 200 day moving average of $43.91. The stock has a market cap of $6.74 billion, a P/E ratio of 13.96 and a beta of 0.73. First Trust Morningstar Dividend Leaders Index Fund has a 12 month low of $37.29 and a 12 month high of $48.85.

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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ashton Thomas Private Wealth LLC acquired a new stake in First Trust Morningstar Dividend Leaders Index Fund in the first quarter valued at approximately $202,000. Wealthcare Advisory Partners LLC bought a new position in shares of First Trust Morningstar Dividend Leaders Index Fund in the 2nd quarter valued at $260,000. Valley National Advisers Inc. lifted its stake in shares of First Trust Morningstar Dividend Leaders Index Fund by 17.5% in the 2nd quarter. Valley National Advisers Inc. now owns 6,276 shares of the exchange traded fund’s stock valued at $262,000 after acquiring an additional 935 shares during the last quarter. KPP Advisory Services LLC boosted its holdings in shares of First Trust Morningstar Dividend Leaders Index Fund by 1.8% during the 2nd quarter. KPP Advisory Services LLC now owns 19,694 shares of the exchange traded fund’s stock valued at $825,000 after acquiring an additional 346 shares in the last quarter. Finally, SteelPeak Wealth LLC bought a new stake in First Trust Morningstar Dividend Leaders Index Fund during the 2nd quarter worth $873,000.

About First Trust Morningstar Dividend Leaders Index Fund

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.