Short Interest in First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Increases By 20.1%

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) was the target of a large increase in short interest in December. As of December 31st, there was short interest totaling 113,679 shares, an increase of 20.1% from the December 15th total of 94,635 shares. Based on an average daily volume of 98,722 shares, the short-interest ratio is currently 1.2 days. Approximately 0.3% of the shares of the stock are short sold. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily volume of 98,722 shares, the short-interest ratio is currently 1.2 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TDIV. Synergy Asset Management LLC purchased a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund during the 2nd quarter valued at about $2,439,000. TFG Advisers LLC boosted its holdings in First Trust NASDAQ Technology Dividend Index Fund by 1.5% in the 2nd quarter. TFG Advisers LLC now owns 19,270 shares of the company’s stock worth $1,738,000 after acquiring an additional 286 shares during the period. Madrona Financial Services LLC grew its position in First Trust NASDAQ Technology Dividend Index Fund by 6.0% in the second quarter. Madrona Financial Services LLC now owns 11,267 shares of the company’s stock valued at $1,016,000 after acquiring an additional 638 shares in the last quarter. First Pacific Financial purchased a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund during the second quarter valued at approximately $27,000. Finally, Hengehold Capital Management LLC lifted its position in shares of First Trust NASDAQ Technology Dividend Index Fund by 2.0% during the second quarter. Hengehold Capital Management LLC now owns 60,663 shares of the company’s stock worth $5,470,000 after purchasing an additional 1,209 shares in the last quarter.

First Trust NASDAQ Technology Dividend Index Fund Price Performance

First Trust NASDAQ Technology Dividend Index Fund stock traded down $1.57 during mid-day trading on Tuesday, hitting $97.83. 38,320 shares of the company were exchanged, compared to its average volume of 127,688. First Trust NASDAQ Technology Dividend Index Fund has a 12-month low of $62.54 and a 12-month high of $103.15. The company has a market capitalization of $3.75 billion, a P/E ratio of 25.63 and a beta of 1.09. The business’s 50 day simple moving average is $97.59 and its two-hundred day simple moving average is $96.16.

First Trust NASDAQ Technology Dividend Index Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were given a dividend of $0.4949 per share. The ex-dividend date was Friday, December 12th. This represents a $1.98 dividend on an annualized basis and a yield of 2.0%. This is a boost from First Trust NASDAQ Technology Dividend Index Fund’s previous quarterly dividend of $0.28.

First Trust NASDAQ Technology Dividend Index Fund Company Profile

The First Trust NASDAQ Technology Dividend Index Fund (TDIV) is an exchange-traded fund that is based on the NASDAQ Technology Dividend index. The fund tracks a modified dividend-weighted index of US-listed technology companies that pay regular dividends. TDIV was launched on Aug 14, 2012 and is managed by First Trust.