First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) Short Interest Down 63.9% in December

First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) was the recipient of a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 93,883 shares, a drop of 63.9% from the December 15th total of 260,325 shares. Based on an average daily volume of 483,404 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are short sold. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 483,404 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of First Trust Value Line Dividend Index Fund

Several institutional investors and hedge funds have recently modified their holdings of FVD. Two Sigma Securities LLC increased its position in shares of First Trust Value Line Dividend Index Fund by 2.6% in the second quarter. Two Sigma Securities LLC now owns 15,709 shares of the company’s stock valued at $702,000 after acquiring an additional 391 shares during the period. MML Investors Services LLC boosted its holdings in shares of First Trust Value Line Dividend Index Fund by 1.2% during the second quarter. MML Investors Services LLC now owns 518,881 shares of the company’s stock worth $23,194,000 after purchasing an additional 6,163 shares during the period. Engineers Gate Manager LP purchased a new stake in shares of First Trust Value Line Dividend Index Fund during the second quarter worth about $214,000. Curi Capital LLC grew its stake in shares of First Trust Value Line Dividend Index Fund by 14.0% in the second quarter. Curi Capital LLC now owns 8,025 shares of the company’s stock worth $359,000 after purchasing an additional 986 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in First Trust Value Line Dividend Index Fund by 378.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 245,520 shares of the company’s stock valued at $10,975,000 after purchasing an additional 194,243 shares during the period.

First Trust Value Line Dividend Index Fund Stock Performance

First Trust Value Line Dividend Index Fund stock opened at $46.77 on Tuesday. First Trust Value Line Dividend Index Fund has a fifty-two week low of $40.06 and a fifty-two week high of $47.01. The stock has a market cap of $8.46 billion, a P/E ratio of 18.85 and a beta of 0.73. The firm’s fifty day moving average price is $46.07 and its 200-day moving average price is $45.86.

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.