First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL – Get Free Report) saw a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 212,477 shares, a drop of 61.4% from the July 30th total of 549,873 shares. Based on an average daily trading volume, of 634,118 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the company’s stock are sold short.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the stock. Roxbury Financial LLC acquired a new stake in First Trust Morningstar Dividend Leaders Index Fund in the 1st quarter valued at about $32,000. SouthState Bank Corp acquired a new position in shares of First Trust Morningstar Dividend Leaders Index Fund during the first quarter worth about $32,000. Providence Capital Advisors LLC purchased a new stake in shares of First Trust Morningstar Dividend Leaders Index Fund during the fourth quarter worth 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 Stock Performance
Shares of NYSEARCA:FDL traded up $0.16 during trading on Friday, hitting $53.09. The company’s stock had a trading volume of 420,647 shares, compared to its average volume of 1,001,204. First Trust Morningstar Dividend Leaders Index Fund has a fifty-two week low of $42.10 and a fifty-two week high of $53.76. The business has a 50 day moving average price of $51.12 and a two-hundred day moving average price of $50.51. The company has a market capitalization of $8.00 billion, a PE ratio of 13.96 and a beta of 0.58.
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.
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