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

First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 133,286 shares, a growth of 105.6% from the August 31st total of 64,840 shares. Based on an average daily volume of 484,404 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Asset Allocation Strategies LLC increased its position in First Trust Value Line Dividend Index Fund by 12.1% during the 4th quarter. Asset Allocation Strategies LLC now owns 72,892 shares of the company’s stock worth $3,359,000 after purchasing an additional 7,864 shares in the last quarter. Kovack Advisors Inc. boosted its position in First Trust Value Line Dividend Index Fund by 24.2% in the fourth quarter. Kovack Advisors Inc. now owns 136,386 shares of the company’s stock valued at $6,285,000 after buying an additional 26,590 shares in the last quarter. Gaddis Premier Wealth Advisors LLC bought a new stake in shares of First Trust Value Line Dividend Index Fund during the fourth quarter worth $203,000. Hilton Head Capital Partners LLC bought a new stake in shares of First Trust Value Line Dividend Index Fund during the fourth quarter worth $155,000. Finally, J.W. Cole Advisors Inc. increased its holdings in shares of First Trust Value Line Dividend Index Fund by 1.6% during the fourth quarter. J.W. Cole Advisors Inc. now owns 67,776 shares of the company’s stock worth $3,090,000 after buying an additional 1,095 shares in the last quarter.

First Trust Value Line Dividend Index Fund Price Performance

FVD traded down $0.11 on Tuesday, hitting $47.29. 854,691 shares of the stock were exchanged, compared to its average volume of 796,723. First Trust Value Line Dividend Index Fund has a 12 month low of $44.63 and a 12 month high of $51.41. The business has a 50-day moving average of $49.83 and a two-hundred day moving average of $48.52. The firm has a market capitalization of $7.64 billion, a price-to-earnings ratio of 18.85 and a beta of 0.63.

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.