First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) Sees Large Decrease in Short Interest
by Renee Jackson · The Cerbat GemFirst Trust Value Line Dividend Index Fund (NYSEARCA:FVD – Get Free Report) saw a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 60,018 shares, a decrease of 37.5% from the April 30th total of 96,050 shares. Based on an average daily trading volume, of 1,305,535 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are short sold.
First Trust Value Line Dividend Index Fund Stock Up 1.3%
NYSEARCA FVD opened at $47.43 on Thursday. First Trust Value Line Dividend Index Fund has a 52 week low of $44.12 and a 52 week high of $50.23. The firm has a market capitalization of $8.09 billion, a price-to-earnings ratio of 18.85 and a beta of 0.66. The company has a fifty day moving average of $47.46 and a two-hundred day moving average of $47.41.
Hedge Funds Weigh In On First Trust Value Line Dividend Index Fund
Several hedge funds have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. lifted its stake in First Trust Value Line Dividend Index Fund by 15.7% in the second quarter. Ameriprise Financial Inc. now owns 5,579,921 shares of the company’s stock worth $249,413,000 after purchasing an additional 758,020 shares during the last quarter. UBS Group AG raised its holdings in shares of First Trust Value Line Dividend Index Fund by 2.4% in the third quarter. UBS Group AG now owns 3,906,667 shares of the company’s stock worth $180,644,000 after buying an additional 91,095 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of First Trust Value Line Dividend Index Fund by 84.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,773,717 shares of the company’s stock worth $128,257,000 after acquiring an additional 1,266,968 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of First Trust Value Line Dividend Index Fund by 0.7% during the 4th quarter. Stifel Financial Corp now owns 2,320,271 shares of the company’s stock worth $106,918,000 after acquiring an additional 16,800 shares during the last quarter. Finally, HighTower Advisors LLC boosted its holdings in First Trust Value Line Dividend Index Fund by 1.2% during the 3rd quarter. HighTower Advisors LLC now owns 1,880,046 shares of the company’s stock valued at $86,933,000 after acquiring an additional 22,359 shares during the period.
About First Trust Value Line Dividend Index Fund
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.