First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Shares Shorted: Short Interest Down 36.5% in September

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) saw a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 36,209 shares, a decline of 36.5% from the September 15th total of 56,979 shares. Based on an average daily trading volume, of 155,884 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

First Trust NASDAQ Technology Dividend Index Fund Trading Up 1.1%

NASDAQ:TDIV opened at $113.51 on Friday. The firm has a market capitalization of $4.43 billion, a price-to-earnings ratio of 25.63 and a beta of 1.18. The firm’s fifty day simple moving average is $114.99 and its 200 day simple moving average is $112.07. First Trust NASDAQ Technology Dividend Index Fund has a twelve month low of $90.24 and a twelve month high of $128.50.

First Trust NASDAQ Technology Dividend Index Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were given a dividend of $0.3497 per share. The ex-dividend date of this dividend was Thursday, September 24th. This is a negative change from First Trust NASDAQ Technology Dividend Index Fund’s previous quarterly dividend of $0.4231. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.2%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Kirkwood Financial Services acquired a new position in shares of First Trust NASDAQ Technology Dividend Index Fund in the 2nd quarter valued at approximately $31,878,000. Kestra Advisory Services LLC lifted its position in shares of First Trust NASDAQ Technology Dividend Index Fund by 203.8% during the first quarter. Kestra Advisory Services LLC now owns 183,492 shares of the company’s stock worth $17,186,000 after purchasing an additional 123,094 shares during the last quarter. Bank of America Corp DE grew its stake in First Trust NASDAQ Technology Dividend Index Fund by 7.6% in the first quarter. Bank of America Corp DE now owns 1,485,495 shares of the company’s stock worth $139,131,000 after purchasing an additional 104,853 shares in the last quarter. NewEdge Advisors LLC grew its stake in First Trust NASDAQ Technology Dividend Index Fund by 32.3% in the first quarter. NewEdge Advisors LLC now owns 397,640 shares of the company’s stock worth $37,243,000 after purchasing an additional 97,148 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in First Trust NASDAQ Technology Dividend Index Fund by 9.3% in the second quarter. Envestnet Asset Management Inc. now owns 838,304 shares of the company’s stock worth $96,304,000 after purchasing an additional 71,483 shares in the last quarter.

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.