First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) Sees Large Increase in Short Interest

by · The Cerbat Gem

First Trust Value Line Dividend Index Fund (NYSEARCA:FVD – Get Free Report) was the recipient of a significant growth in short interest in February. As of February 27th, there was short interest totaling 112,090 shares, a growth of 65.9% from the February 12th total of 67,585 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 567,136 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 567,136 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Rubicon Advisors GP acquired a new position in shares of First Trust Value Line Dividend Index Fund in the 4th quarter valued at about $1,685,000. Worthington Financial Partners LLC acquired a new stake in First Trust Value Line Dividend Index Fund during the fourth quarter worth about $2,874,000. Financially in Tune LLC purchased a new position in First Trust Value Line Dividend Index Fund during the fourth quarter valued at approximately $210,000. Virtu Financial LLC raised its position in First Trust Value Line Dividend Index Fund by 35.9% during the fourth quarter. Virtu Financial LLC now owns 79,001 shares of the company’s stock valued at $3,640,000 after acquiring an additional 20,884 shares in the last quarter. Finally, White Knight Strategic Wealth Advisors LLC lifted its holdings in First Trust Value Line Dividend Index Fund by 17.9% in the fourth quarter. White Knight Strategic Wealth Advisors LLC now owns 5,160 shares of the company’s stock valued at $238,000 after acquiring an additional 782 shares during the period.

First Trust Value Line Dividend Index Fund Price Performance

First Trust Value Line Dividend Index Fund stock traded up $0.11 during midday trading on Friday, reaching $47.76. The company’s stock had a trading volume of 1,141,611 shares, compared to its average volume of 1,091,931. The stock has a market capitalization of $8.47 billion, a P/E ratio of 18.85 and a beta of 0.73. The stock’s 50-day simple moving average is $48.30 and its 200-day simple moving average is $46.78. First Trust Value Line Dividend Index Fund has a 52-week low of $40.06 and a 52-week high of $50.23.

First Trust Value Line Dividend Index Fund Company Profile

(Get Free Report)

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.

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