First Trust Value Line Dividend Index Fund (NYSEARCA:FVD – Get Free Report) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totaling 334,492 shares, an increase of 591.1% from the May 31st total of 48,398 shares. Based on an average trading volume of 630,761 shares, the short-interest ratio is currently 0.5 days. Currently, 0.2% of the company’s shares are short sold.
First Trust Value Line Dividend Index Fund Price Performance
Shares of FVD stock traded up $0.50 during trading on Friday, reaching $48.47. The company’s stock had a trading volume of 168,690 shares, compared to its average volume of 939,544. The stock’s 50-day moving average price is $47.59 and its 200 day moving average price is $47.61. The company has a market capitalization of $8.26 billion, a price-to-earnings ratio of 18.85 and a beta of 0.64. First Trust Value Line Dividend Index Fund has a 1-year low of $44.31 and a 1-year high of $50.23.
Institutional Trading of First Trust Value Line Dividend Index Fund
Institutional investors and hedge funds have recently made changes to their positions in the company. Signaturefd LLC boosted its stake in shares of First Trust Value Line Dividend Index Fund by 211.6% during the fourth quarter. Signaturefd LLC now owns 592 shares of the company’s stock worth $27,000 after buying an additional 402 shares during the period. Hilltop National Bank acquired a new stake in First Trust Value Line Dividend Index Fund in the fourth quarter valued at about $28,000. Cullen Frost Bankers Inc. boosted its holdings in First Trust Value Line Dividend Index Fund by 70.9% in the 4th quarter. Cullen Frost Bankers Inc. now owns 651 shares of the company’s stock valued at $30,000 after purchasing an additional 270 shares in the last quarter. Godfrey Financial Associates Inc. acquired a new position in First Trust Value Line Dividend Index Fund during the 4th quarter worth approximately $30,000. Finally, Main Street Group LTD acquired a new position in shares of First Trust Value Line Dividend Index Fund during the 1st quarter worth $39,000.
About First Trust Value Line Dividend Index Fund
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.
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