Short Interest in First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) Declines By 39.6%

First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) saw a significant decrease in short interest in March. As of March 13th, there was short interest totaling 67,727 shares, a decrease of 39.6% from the February 26th total of 112,090 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 905,054 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of First Trust Value Line Dividend Index Fund

Several institutional investors have recently made changes to their positions in FVD. Ameriprise Financial Inc. increased its stake in First Trust Value Line Dividend Index Fund by 15.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,579,921 shares of the company’s stock valued at $249,413,000 after buying an additional 758,020 shares during the period. UBS Group AG boosted its stake in shares of First Trust Value Line Dividend Index Fund by 2.4% during the 3rd quarter. UBS Group AG now owns 3,906,667 shares of the company’s stock valued at $180,644,000 after buying an additional 91,095 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of First Trust Value Line Dividend Index Fund by 84.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,773,717 shares of the company’s stock valued at $128,257,000 after acquiring an additional 1,266,968 shares in the last quarter. Stifel Financial Corp increased its stake in shares of First Trust Value Line Dividend Index Fund by 0.7% in the fourth quarter. Stifel Financial Corp now owns 2,320,271 shares of the company’s stock worth $106,918,000 after acquiring an additional 16,800 shares during the last quarter. Finally, HighTower Advisors LLC boosted its position in First Trust Value Line Dividend Index Fund by 1.2% during the third quarter. HighTower Advisors LLC now owns 1,880,046 shares of the company’s stock valued at $86,933,000 after purchasing an additional 22,359 shares during the last quarter.

First Trust Value Line Dividend Index Fund Price Performance

First Trust Value Line Dividend Index Fund stock traded down $0.32 during mid-day trading on Friday, hitting $46.36. The company’s stock had a trading volume of 1,019,280 shares, compared to its average volume of 1,092,927. The firm’s 50 day moving average is $48.37 and its 200 day moving average is $46.86. The company has a market cap of $8.22 billion, a PE ratio of 18.85 and a beta of 0.73. 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 Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th will be issued a $0.257 dividend. The ex-dividend date is Thursday, March 26th. This represents a $1.03 dividend on an annualized basis and a dividend yield of 2.2%.

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.