First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) Short Interest Up 85.7% in May

First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 224,152 shares, an increase of 85.7% from the April 30th total of 120,695 shares. Based on an average trading volume of 718,855 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the shares of the stock are short sold.

First Trust Morningstar Dividend Leaders Index Fund Trading Down 0.3%

Shares of First Trust Morningstar Dividend Leaders Index Fund stock opened at $49.85 on Thursday. The company has a 50 day moving average of $50.01 and a 200-day moving average of $48.02. First Trust Morningstar Dividend Leaders Index Fund has a 1-year low of $41.51 and a 1-year high of $51.46. The company has a market cap of $7.31 billion, a PE ratio of 13.96 and a beta of 0.58.

Institutional Trading of First Trust Morningstar Dividend Leaders Index Fund

A number of institutional investors and hedge funds have recently made changes to their positions in FDL. Roxbury Financial LLC acquired a new stake in First Trust Morningstar Dividend Leaders Index Fund in the first quarter valued at approximately $32,000. SouthState Bank Corp acquired a new stake in First Trust Morningstar Dividend Leaders Index Fund in the first quarter valued at approximately $32,000. Providence Capital Advisors LLC acquired a new stake in First Trust Morningstar Dividend Leaders Index Fund in the fourth quarter valued at approximately $37,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in First Trust Morningstar Dividend Leaders Index Fund in the fourth quarter valued at approximately $37,000. Finally, First Command Advisory Services Inc. acquired a new stake in First Trust Morningstar Dividend Leaders Index Fund in the fourth quarter valued at approximately $38,000.

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.