First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) Short Interest Update

First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) was the recipient of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 43,383 shares, a drop of 80.8% from the June 30th total of 225,536 shares. Based on an average daily trading volume, of 450,194 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

First Trust Value Line Dividend Index Fund Price Performance

Shares of FVD stock traded up $0.25 during trading hours on Monday, reaching $50.16. 434,923 shares of the company traded hands, compared to its average volume of 883,894. First Trust Value Line Dividend Index Fund has a 12-month low of $44.58 and a 12-month high of $50.47. The company has a market cap of $8.32 billion, a P/E ratio of 18.85 and a beta of 0.64. The firm has a 50-day moving average price of $48.24 and a 200 day moving average price of $48.04.

Institutional Investors Weigh In On First Trust Value Line Dividend Index Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Signaturefd LLC boosted its position in shares of First Trust Value Line Dividend Index Fund by 211.6% in the fourth quarter. Signaturefd LLC now owns 592 shares of the company’s stock worth $27,000 after purchasing an additional 402 shares during the period. Cullen Frost Bankers Inc. raised its position in shares of First Trust Value Line Dividend Index Fund by 70.9% during the 4th quarter. Cullen Frost Bankers Inc. now owns 651 shares of the company’s stock valued at $30,000 after purchasing an additional 270 shares during the period. Godfrey Financial Associates Inc. purchased a new position in shares of First Trust Value Line Dividend Index Fund during the 4th quarter valued at $30,000. Allied Private Wealth LLC purchased a new position in shares of First Trust Value Line Dividend Index Fund during the 2nd quarter valued at $31,000. Finally, Main Street Group LTD purchased a new stake in First Trust Value Line Dividend Index Fund in the 1st quarter worth $39,000.

First Trust Value Line Dividend Index Fund Company Profile

First Trust Value Line Dividend Index Fund (the Fund) seeks investment results that correspond generally to the price and yield of an equity index called the Value Line Dividend Index (the Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to objectively identify and select those stocks from the universe of stocks, of which Value Line, Inc gives a Safety Ranking of #1 or #2 in the Value Line Safety Ranking System and have the potential to pay above-average dividends and capital appreciation.