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

First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) was the target of a large decline in short interest during the month of February. As of February 13th, there was short interest totaling 257,685 shares, a decline of 25.9% from the January 29th total of 347,934 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 1,143,951 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 1,143,951 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the shares of the stock are short sold.

First Trust Morningstar Dividend Leaders Index Fund Stock Down 0.3%

Shares of NYSEARCA FDL traded down $0.17 during mid-day trading on Wednesday, hitting $50.74. 1,897,174 shares of the company traded hands, compared to its average volume of 1,252,199. First Trust Morningstar Dividend Leaders Index Fund has a 1 year low of $37.29 and a 1 year high of $51.46. The stock has a market capitalization of $7.05 billion, a price-to-earnings ratio of 13.96 and a beta of 0.73. The business has a 50 day moving average of $47.86 and a two-hundred day moving average of $45.10.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in FDL. GoalVest Advisory LLC purchased a new stake in shares of First Trust Morningstar Dividend Leaders Index Fund in the 3rd quarter valued at approximately $30,000. Providence Capital Advisors LLC acquired a new stake in First Trust Morningstar Dividend Leaders Index Fund during the 4th quarter valued at $37,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of First Trust Morningstar Dividend Leaders Index Fund in the fourth quarter valued at $37,000. First Command Advisory Services Inc. purchased a new stake in shares of First Trust Morningstar Dividend Leaders Index Fund in the fourth quarter valued at $38,000. Finally, CX Institutional acquired a new stake in shares of First Trust Morningstar Dividend Leaders Index Fund in the third quarter worth $39,000.

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.