Short Interest in First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Declines By 94.3%

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) was the target of a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 4,597 shares, a decrease of 94.3% from the January 29th total of 80,388 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 173,682 shares, the short-interest ratio is currently 0.0 days. Based on an average trading volume of 173,682 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

First Trust NASDAQ Technology Dividend Index Fund Trading Up 1.4%

First Trust NASDAQ Technology Dividend Index Fund stock traded up $1.38 during trading hours on Wednesday, reaching $99.61. 95,398 shares of the company were exchanged, compared to its average volume of 158,084. The firm has a market cap of $3.81 billion, a price-to-earnings ratio of 25.63 and a beta of 1.09. First Trust NASDAQ Technology Dividend Index Fund has a 12 month low of $62.54 and a 12 month high of $103.15. The stock has a 50-day moving average of $98.50 and a 200 day moving average of $97.51.

First Trust NASDAQ Technology Dividend Index Fund Increases Dividend

The firm 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 of this dividend was Friday, December 12th. This represents a $1.98 annualized dividend and a dividend yield of 2.0%. This is a boost from First Trust NASDAQ Technology Dividend Index Fund’s previous quarterly dividend of $0.28.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TDIV. Allspring Global Investments Holdings LLC bought a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund in the fourth quarter valued at approximately $27,000. Ameriflex Group Inc. acquired a new position in First Trust NASDAQ Technology Dividend Index Fund during the 3rd quarter valued at $30,000. Cullen Frost Bankers Inc. bought a new stake in First Trust NASDAQ Technology Dividend Index Fund in the 3rd quarter valued at $36,000. Smartleaf Asset Management LLC boosted its holdings in First Trust NASDAQ Technology Dividend Index Fund by 97.1% in the 3rd quarter. Smartleaf Asset Management LLC now owns 469 shares of the company’s stock valued at $46,000 after purchasing an additional 231 shares during the period. Finally, Capital Investment Advisory Services LLC grew its position in First Trust NASDAQ Technology Dividend Index Fund by 202.5% in the 4th quarter. Capital Investment Advisory Services LLC now owns 481 shares of the company’s stock worth $47,000 after purchasing an additional 322 shares during the last quarter.

About First Trust NASDAQ Technology Dividend Index Fund

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.