First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) Short Interest Up 85.7% in May

First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 224,152 shares, a growth of 85.7% from the April 30th total of 120,695 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 718,855 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of First Trust Morningstar Dividend Leaders Index Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Roxbury Financial LLC acquired a new position in First Trust Morningstar Dividend Leaders Index Fund in the first quarter worth $32,000. SouthState Bank Corp acquired a new position in First Trust Morningstar Dividend Leaders Index Fund in the first quarter worth $32,000. Providence Capital Advisors LLC acquired a new position in First Trust Morningstar Dividend Leaders Index Fund in the fourth quarter worth $37,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in First Trust Morningstar Dividend Leaders Index Fund in the fourth quarter worth $37,000. Finally, First Command Advisory Services Inc. acquired a new position in First Trust Morningstar Dividend Leaders Index Fund in the fourth quarter worth $38,000.

First Trust Morningstar Dividend Leaders Index Fund Stock Down 0.5%

FDL opened at $49.77 on Tuesday. The firm has a market capitalization of $7.30 billion, a P/E ratio of 13.96 and a beta of 0.59. The firm’s 50 day moving average is $50.00 and its 200-day moving average is $47.93. First Trust Morningstar Dividend Leaders Index Fund has a 52-week low of $41.39 and a 52-week high of $51.46.

First Trust Morningstar Dividend Leaders Index Fund Company Profile

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.