First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) Short Interest Down 34.0% in January

First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) was the target of a significant drop in short interest in January. As of January 30th, there was short interest totaling 347,934 shares, a drop of 34.0% from the January 15th total of 527,570 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 1,421,481 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 1,421,481 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.3% of the company’s stock are sold short.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GoalVest Advisory LLC acquired a new stake in shares of First Trust Morningstar Dividend Leaders Index Fund in the third quarter valued at about $30,000. Providence Capital Advisors LLC acquired a new stake in First Trust Morningstar Dividend Leaders Index Fund in the fourth quarter valued at $37,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of First Trust Morningstar Dividend Leaders Index Fund during the 4th quarter worth about $37,000. First Command Advisory Services Inc. acquired a new position in shares of First Trust Morningstar Dividend Leaders Index Fund during the 4th quarter worth about $38,000. Finally, CX Institutional bought a new stake in shares of First Trust Morningstar Dividend Leaders Index Fund in the 3rd quarter valued at about $39,000.

First Trust Morningstar Dividend Leaders Index Fund Stock Up 0.5%

NYSEARCA:FDL opened at $50.88 on Monday. The company has a market cap of $7.06 billion, a P/E ratio of 13.96 and a beta of 0.73. First Trust Morningstar Dividend Leaders Index Fund has a twelve month low of $37.29 and a twelve month high of $51.40. The business has a 50 day moving average price of $46.15 and a two-hundred day moving average price of $44.36.

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.