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 significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 60,018 shares, a decline of 37.5% from the April 30th total of 96,050 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 1,305,535 shares, the short-interest ratio is presently 0.0 days.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Signaturefd LLC grew its holdings in First Trust Value Line Dividend Index Fund by 211.6% during the fourth quarter. Signaturefd LLC now owns 592 shares of the company’s stock worth $27,000 after acquiring an additional 402 shares during the period. Hilltop National Bank purchased a new position in First Trust Value Line Dividend Index Fund in the 4th quarter worth about $28,000. Godfrey Financial Associates Inc. purchased a new position in First Trust Value Line Dividend Index Fund in the 4th quarter worth about $30,000. Cullen Frost Bankers Inc. increased its stake in First Trust Value Line Dividend Index Fund by 70.9% in the 4th quarter. Cullen Frost Bankers Inc. now owns 651 shares of the company’s stock worth $30,000 after purchasing an additional 270 shares in the last quarter. Finally, Main Street Group LTD purchased a new position in First Trust Value Line Dividend Index Fund in the 1st quarter worth about $39,000.

First Trust Value Line Dividend Index Fund Stock Up 0.9%

NYSEARCA:FVD opened at $47.26 on Friday. The business’s 50-day moving average price is $47.46 and its 200 day moving average price is $47.42. The firm has a market cap of $8.06 billion, a P/E ratio of 18.85 and a beta of 0.64. First Trust Value Line Dividend Index Fund has a 52-week low of $44.12 and a 52-week high of $50.23.

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.