First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) Sees Large Decline in Short Interest

First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) was the recipient of a significant decrease in short interest during the month of February. As of February 13th, there was short interest totaling 257,685 shares, a decrease of 25.9% from the January 29th total of 347,934 shares. Based on an average daily trading volume, of 1,143,951 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the company’s stock are short sold. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 1,143,951 shares, the short-interest ratio is currently 0.2 days.

First Trust Morningstar Dividend Leaders Index Fund Stock Up 0.1%

FDL stock traded up $0.06 during trading hours on Monday, hitting $51.26. The company’s stock had a trading volume of 1,741,209 shares, compared to its average volume of 1,217,165. The stock has a 50 day moving average price of $47.60 and a two-hundred day moving average price of $45.01. First Trust Morningstar Dividend Leaders Index Fund has a 12 month low of $37.29 and a 12 month high of $51.46. The company has a market capitalization of $7.12 billion, a PE ratio of 13.96 and a beta of 0.73.

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 the stock. LPL Financial LLC increased its holdings in shares of First Trust Morningstar Dividend Leaders Index Fund by 1.7% during the 4th quarter. LPL Financial LLC now owns 12,408,286 shares of the exchange traded fund’s stock valued at $550,183,000 after acquiring an additional 202,537 shares during the last quarter. Morgan Stanley boosted its position in First Trust Morningstar Dividend Leaders Index Fund by 9.9% during the fourth quarter. Morgan Stanley now owns 8,670,709 shares of the exchange traded fund’s stock worth $384,459,000 after purchasing an additional 778,170 shares during the period. Raymond James Financial Inc. grew its holdings in First Trust Morningstar Dividend Leaders Index Fund by 15.2% during the fourth quarter. Raymond James Financial Inc. now owns 5,197,530 shares of the exchange traded fund’s stock valued at $230,458,000 after purchasing an additional 686,116 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of First Trust Morningstar Dividend Leaders Index Fund by 2.2% in the third quarter. Ameriprise Financial Inc. now owns 3,998,214 shares of the exchange traded fund’s stock valued at $173,422,000 after purchasing an additional 87,037 shares during the period. Finally, Wells Fargo & Company MN raised its position in shares of First Trust Morningstar Dividend Leaders Index Fund by 2.3% in the fourth quarter. Wells Fargo & Company MN now owns 3,229,897 shares of the exchange traded fund’s stock valued at $143,214,000 after purchasing an additional 73,182 shares during the period.

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.