First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) Sees Significant Decrease in Short Interest

First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) saw a large decrease in short interest in October. As of October 15th, there was short interest totaling 288,808 shares, a decrease of 38.0% from the September 30th total of 465,975 shares. Based on an average daily volume of 653,258 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the company’s stock are short sold.

First Trust Morningstar Dividend Leaders Index Fund Trading Down 1.1%

FDL opened at $53.57 on Wednesday. The stock’s fifty day simple moving average is $51.62 and its 200 day simple moving average is $50.50. First Trust Morningstar Dividend Leaders Index Fund has a 1-year low of $42.15 and a 1-year high of $54.24. The stock has a market cap of $8.35 billion, a PE ratio of 13.96 and a beta of 0.58.

Institutional Trading of First Trust Morningstar Dividend Leaders Index Fund

Institutional investors have recently modified their holdings of the stock. NWF Advisory Services Inc. boosted its position in shares of First Trust Morningstar Dividend Leaders Index Fund by 1.9% in the second quarter. NWF Advisory Services Inc. now owns 11,064 shares of the exchange traded fund’s stock valued at $538,000 after acquiring an additional 203 shares during the period. Santori & Peters Inc. increased its holdings in First Trust Morningstar Dividend Leaders Index Fund by 0.5% during the 3rd quarter. Santori & Peters Inc. now owns 42,184 shares of the exchange traded fund’s stock worth $2,072,000 after acquiring an additional 219 shares during the period. Nwam LLC increased its holdings in First Trust Morningstar Dividend Leaders Index Fund by 1.3% during the 1st quarter. Nwam LLC now owns 20,684 shares of the exchange traded fund’s stock worth $1,051,000 after acquiring an additional 271 shares during the period. RFG Bristol Wealth Advisors LLC increased its holdings in First Trust Morningstar Dividend Leaders Index Fund by 1.5% during the 3rd quarter. RFG Bristol Wealth Advisors LLC now owns 20,985 shares of the exchange traded fund’s stock worth $1,031,000 after acquiring an additional 310 shares during the period. Finally, Krilogy Financial LLC lifted its stake in First Trust Morningstar Dividend Leaders Index Fund by 2.7% in the 3rd quarter. Krilogy Financial LLC now owns 14,536 shares of the exchange traded fund’s stock worth $729,000 after purchasing an additional 389 shares in 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.