First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) Short Interest Update

First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 439,882 shares, a growth of 164.8% from the December 15th total of 166,124 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 593,144 shares, the short-interest ratio is currently 0.7 days. Based on an average trading volume of 593,144 shares, the short-interest ratio is currently 0.7 days. Currently, 0.3% of the shares of the company are sold short.

First Trust Morningstar Dividend Leaders Index Fund Stock Performance

First Trust Morningstar Dividend Leaders Index Fund stock opened at $45.50 on Wednesday. The business’s 50-day simple moving average is $44.12 and its two-hundred day simple moving average is $43.55. The company has a market cap of $6.32 billion, a PE ratio of 13.96 and a beta of 0.73. First Trust Morningstar Dividend Leaders Index Fund has a fifty-two week low of $37.29 and a fifty-two week high of $45.74.

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

A number of large investors have recently bought and sold shares of FDL. World Equity Group Inc. lifted its position in shares of First Trust Morningstar Dividend Leaders Index Fund by 7.0% in the second quarter. World Equity Group Inc. now owns 148,794 shares of the exchange traded fund’s stock valued at $6,230,000 after acquiring an additional 9,733 shares in the last quarter. EWG Elevate Inc. purchased a new stake in shares of First Trust Morningstar Dividend Leaders Index Fund during the second quarter worth approximately $6,184,000. Hidden Cove Wealth Management LLC acquired a new position in First Trust Morningstar Dividend Leaders Index Fund in the 2nd quarter valued at $1,882,000. Farther Finance Advisors LLC lifted its holdings in First Trust Morningstar Dividend Leaders Index Fund by 104.9% in the 2nd quarter. Farther Finance Advisors LLC now owns 72,196 shares of the exchange traded fund’s stock valued at $3,023,000 after purchasing an additional 36,954 shares in the last quarter. Finally, Lighthouse Wealth Management Inc. purchased a new position in First Trust Morningstar Dividend Leaders Index Fund in the 2nd quarter valued at $547,000.

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.