First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) Sees Large Decline in Short Interest

First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) saw a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 257,685 shares, a decline of 25.9% from the January 29th total of 347,934 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 1,143,951 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 1,143,951 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the company’s shares are short sold.

First Trust Morningstar Dividend Leaders Index Fund Trading Up 0.1%

First Trust Morningstar Dividend Leaders Index Fund stock traded up $0.06 during mid-day trading on Monday, hitting $51.26. The stock had a trading volume of 1,741,209 shares, compared to its average volume of 1,217,165. The stock has a 50-day simple moving average of $47.60 and a two-hundred day simple moving average of $45.01. The stock has a market capitalization of $7.12 billion, a PE 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 $51.46.

Hedge Funds Weigh In On First Trust Morningstar Dividend Leaders Index Fund

Large investors have recently bought and sold shares of the business. Financially in Tune LLC acquired a new stake in First Trust Morningstar Dividend Leaders Index Fund during the 4th quarter worth $235,000. OakTrust Wealth Advisors LLC acquired a new stake in shares of First Trust Morningstar Dividend Leaders Index Fund during the fourth quarter worth $435,000. Sunbelt Securities Inc. increased its holdings in First Trust Morningstar Dividend Leaders Index Fund by 3.8% in the fourth quarter. Sunbelt Securities Inc. now owns 11,309 shares of the exchange traded fund’s stock valued at $501,000 after purchasing an additional 411 shares during the last quarter. Van Diest Capital LLC bought a new stake in First Trust Morningstar Dividend Leaders Index Fund in the fourth quarter valued at about $207,000. Finally, Claris Financial LLC acquired a new position in First Trust Morningstar Dividend Leaders Index Fund in the fourth quarter valued at about $430,000.

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.