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 August. As of August 14th, there was short interest totaling 212,477 shares, a decline of 61.4% from the July 30th total of 549,873 shares. Based on an average daily volume of 634,118 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the company’s stock are short sold.

First Trust Morningstar Dividend Leaders Index Fund Trading Up 0.4%

First Trust Morningstar Dividend Leaders Index Fund stock traded up $0.23 during mid-day trading on Friday, hitting $53.16. 561,244 shares of the company’s stock were exchanged, compared to its average volume of 1,002,322. First Trust Morningstar Dividend Leaders Index Fund has a 1-year low of $42.10 and a 1-year high of $53.76. The stock has a 50 day moving average of $51.20 and a two-hundred day moving average of $50.53. The stock has a market cap of $8.01 billion, a P/E ratio of 13.96 and a beta of 0.58.

Hedge Funds Weigh In On First Trust Morningstar Dividend Leaders Index Fund

A number of institutional investors have recently modified their holdings of the company. Morgan Stanley grew its stake in First Trust Morningstar Dividend Leaders Index Fund by 9.9% in the 4th quarter. Morgan Stanley now owns 8,670,709 shares of the exchange traded fund’s stock valued at $384,459,000 after buying an additional 778,170 shares during the last quarter. Raymond James Financial Inc. increased its stake in shares of First Trust Morningstar Dividend Leaders Index Fund by 15.2% in the fourth quarter. Raymond James Financial Inc. now owns 5,197,530 shares of the exchange traded fund’s stock worth $230,458,000 after purchasing an additional 686,116 shares during the period. Ameriprise Financial Inc. lifted its position in shares of First Trust Morningstar Dividend Leaders Index Fund by 17.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,911,177 shares of the exchange traded fund’s stock worth $163,766,000 after purchasing an additional 590,206 shares during the last quarter. Perryman Financial Advisory Inc. AD bought a new stake in First Trust Morningstar Dividend Leaders Index Fund during the 4th quarter valued at approximately $10,522,000. Finally, Kestra Advisory Services LLC grew its holdings in First Trust Morningstar Dividend Leaders Index Fund by 46.1% in the 1st quarter. Kestra Advisory Services LLC now owns 696,641 shares of the exchange traded fund’s stock valued at $35,389,000 after buying an additional 219,965 shares during the last quarter.

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.