Short Interest in First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) Increases By 19.9%

First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 527,570 shares, an increase of 19.9% from the December 31st total of 439,882 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 1,213,318 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily trading volume, of 1,213,318 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.4% of the company’s shares are sold short.

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

Several large investors have recently modified their holdings of FDL. FSB Premier Wealth Management Inc. grew its position in First Trust Morningstar Dividend Leaders Index Fund by 0.7% in the 4th quarter. FSB Premier Wealth Management Inc. now owns 33,758 shares of the exchange traded fund’s stock valued at $1,497,000 after purchasing an additional 223 shares during the period. Tyler Stone Wealth Management grew its holdings in shares of First Trust Morningstar Dividend Leaders Index Fund by 2.5% during the second quarter. Tyler Stone Wealth Management now owns 9,995 shares of the exchange traded fund’s stock valued at $419,000 after buying an additional 240 shares during the last quarter. Eagle Strategies LLC grew its holdings in shares of First Trust Morningstar Dividend Leaders Index Fund by 3.7% during the second quarter. Eagle Strategies LLC now owns 6,873 shares of the exchange traded fund’s stock valued at $288,000 after buying an additional 245 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its position in shares of First Trust Morningstar Dividend Leaders Index Fund by 0.9% during the third quarter. B. Riley Wealth Advisors Inc. now owns 29,978 shares of the exchange traded fund’s stock worth $1,301,000 after acquiring an additional 266 shares in the last quarter. Finally, Columbia Advisory Partners LLC raised its holdings in shares of First Trust Morningstar Dividend Leaders Index Fund by 4.8% in the 3rd quarter. Columbia Advisory Partners LLC now owns 5,975 shares of the exchange traded fund’s stock worth $259,000 after acquiring an additional 272 shares during the last quarter.

First Trust Morningstar Dividend Leaders Index Fund Trading Up 1.7%

FDL traded up $0.82 during trading on Tuesday, reaching $48.71. 1,326,072 shares of the company’s stock were exchanged, compared to its average volume of 1,312,058. First Trust Morningstar Dividend Leaders Index Fund has a one year low of $37.29 and a one year high of $48.85. The firm has a fifty day moving average price of $45.06 and a two-hundred day moving average price of $43.91. The stock has a market capitalization of $6.74 billion, a PE ratio of 13.96 and a beta of 0.73.

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.