First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) Short Interest Up 591.1% in June

First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) was the target of a large increase in short interest in June. As of June 15th, there was short interest totaling 334,492 shares, an increase of 591.1% from the May 31st total of 48,398 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 630,761 shares, the short-interest ratio is currently 0.5 days.

Hedge Funds Weigh In On First Trust Value Line Dividend Index Fund

Large investors have recently modified their holdings of the stock. Ameriprise Financial Inc. increased its holdings in shares of First Trust Value Line Dividend Index Fund by 15.7% in the second quarter. Ameriprise Financial Inc. now owns 5,579,921 shares of the company’s stock valued at $249,413,000 after purchasing an additional 758,020 shares in the last quarter. Rockefeller Capital Management L.P. lifted its holdings in First Trust Value Line Dividend Index Fund by 93.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 571,178 shares of the company’s stock worth $26,320,000 after buying an additional 276,348 shares in the last quarter. Claris Financial LLC acquired a new position in First Trust Value Line Dividend Index Fund during the 4th quarter worth $11,465,000. Gateway Wealth Partners LLC boosted its position in First Trust Value Line Dividend Index Fund by 113.0% in the 1st quarter. Gateway Wealth Partners LLC now owns 452,776 shares of the company’s stock valued at $21,294,000 after buying an additional 240,213 shares during the last quarter. Finally, Merit Financial Group LLC boosted its position in First Trust Value Line Dividend Index Fund by 923.1% in the 4th quarter. Merit Financial Group LLC now owns 262,484 shares of the company’s stock valued at $12,095,000 after buying an additional 236,828 shares during the last quarter.

First Trust Value Line Dividend Index Fund Stock Up 1.2%

NYSEARCA:FVD traded up $0.57 during mid-day trading on Friday, reaching $48.54. 401,473 shares of the company were exchanged, compared to its average volume of 941,761. The stock has a market cap of $8.28 billion, a PE ratio of 18.85 and a beta of 0.64. First Trust Value Line Dividend Index Fund has a 12 month low of $44.31 and a 12 month high of $50.23. The company has a fifty day moving average of $47.60 and a 200 day moving average of $47.62.

First Trust Value Line Dividend Index Fund Company Profile

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.