First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Short Interest Up 70.7% in July

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totaling 175,937 shares, an increase of 70.7% from the July 15th total of 103,094 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily volume of 115,932 shares, the days-to-cover ratio is presently 1.5 days.

Institutional Investors Weigh In On First Trust NASDAQ Technology Dividend Index Fund

Several hedge funds and other institutional investors have recently made changes to their positions in TDIV. Trust Co. of Vermont bought a new position in First Trust NASDAQ Technology Dividend Index Fund in the 2nd quarter valued at approximately $25,000. Root Financial Partners LLC bought a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund during the first quarter worth $33,000. Torren Management LLC bought a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund during the first quarter worth $37,000. Sunbelt Securities Inc. increased its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 65.4% during the first quarter. Sunbelt Securities Inc. now owns 506 shares of the company’s stock worth $47,000 after buying an additional 200 shares in the last quarter. Finally, Birchbrook Inc. acquired a new position in shares of First Trust NASDAQ Technology Dividend Index Fund during the fourth quarter worth $49,000.

First Trust NASDAQ Technology Dividend Index Fund Price Performance

Shares of TDIV stock traded down $0.28 on Monday, hitting $116.75. 19,110 shares of the company’s stock were exchanged, compared to its average volume of 127,082. The company has a 50 day moving average of $113.39 and a 200 day moving average of $106.74. The stock has a market cap of $4.43 billion, a P/E ratio of 25.63 and a beta of 1.16. First Trust NASDAQ Technology Dividend Index Fund has a 12 month low of $89.75 and a 12 month high of $128.50.

First Trust NASDAQ Technology Dividend Index Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a $0.4231 dividend. This represents a $1.69 dividend on an annualized basis and a dividend yield of 1.4%. This is an increase from First Trust NASDAQ Technology Dividend Index Fund’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Thursday, June 25th.

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.