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

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

First Trust Value Line Dividend Index Fund Stock Up 1.2%

FVD stock opened at $49.91 on Friday. The business has a fifty day moving average of $48.24 and a two-hundred day moving average of $48.03. The stock has a market cap of $8.29 billion, a price-to-earnings ratio of 18.85 and a beta of 0.64. First Trust Value Line Dividend Index Fund has a 52-week low of $44.58 and a 52-week high of $50.47.

Institutional Trading of First Trust Value Line Dividend Index Fund

A number of hedge funds and other institutional investors have recently modified their holdings of FVD. Key Client Fiduciary Advisors LLC boosted its stake in First Trust Value Line Dividend Index Fund by 3.2% during the second quarter. Key Client Fiduciary Advisors LLC now owns 49,763 shares of the company’s stock worth $2,398,000 after buying an additional 1,524 shares during the period. Focus Financial Network Inc. raised its stake in shares of First Trust Value Line Dividend Index Fund by 3.0% in the 2nd quarter. Focus Financial Network Inc. now owns 29,754 shares of the company’s stock valued at $1,434,000 after acquiring an additional 871 shares during the period. Allied Private Wealth LLC acquired a new position in shares of First Trust Value Line Dividend Index Fund in the 2nd quarter worth approximately $31,000. First Heartland Consultants Inc. lifted its holdings in shares of First Trust Value Line Dividend Index Fund by 8.5% in the 2nd quarter. First Heartland Consultants Inc. now owns 27,216 shares of the company’s stock worth $1,311,000 after acquiring an additional 2,143 shares during the last quarter. Finally, RVW Wealth LLC boosted its position in shares of First Trust Value Line Dividend Index Fund by 2.4% during the 2nd quarter. RVW Wealth LLC now owns 21,974 shares of the company’s stock worth $1,059,000 after purchasing an additional 522 shares during the period.

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.