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

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

First Trust Value Line Dividend Index Fund Trading Up 0.2%

First Trust Value Line Dividend Index Fund stock traded up $0.11 during midday trading on Friday, hitting $47.76. 1,141,611 shares of the stock were exchanged, compared to its average volume of 1,091,931. 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 fifty-two week low of $40.06 and a fifty-two week high of $50.23. The stock has a market capitalization of $8.47 billion, a price-to-earnings ratio of 18.85 and a beta of 0.73.

Institutional Trading of First Trust Value Line Dividend Index Fund

Several institutional investors have recently made changes to their positions in the company. Signaturefd LLC grew its stake in shares of First Trust Value Line Dividend Index Fund by 211.6% in the fourth quarter. Signaturefd LLC now owns 592 shares of the company’s stock valued at $27,000 after buying an additional 402 shares in the last quarter. Hilltop National Bank acquired a new position in First Trust Value Line Dividend Index Fund during the 4th quarter worth about $28,000. Cullen Frost Bankers Inc. boosted its holdings in First Trust Value Line Dividend Index Fund by 70.9% during the 4th quarter. Cullen Frost Bankers Inc. now owns 651 shares of the company’s stock valued at $30,000 after acquiring an additional 270 shares during the period. Godfrey Financial Associates Inc. acquired a new position in First Trust Value Line Dividend Index Fund in the 4th quarter valued at about $30,000. Finally, First Horizon Corp acquired a new position in First Trust Value Line Dividend Index Fund in the 4th quarter valued at about $44,000.

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.