Short Interest in First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Decreases By 43.8%

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) was the target of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 50,884 shares, a decline of 43.8% from the May 14th total of 90,611 shares. Based on an average trading volume of 120,690 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Trading of First Trust NASDAQ Technology Dividend Index Fund

Large investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC bought a new stake in First Trust NASDAQ Technology Dividend Index Fund in the 4th quarter worth approximately $27,000. Ameriflex Group Inc. bought a new position in shares of First Trust NASDAQ Technology Dividend Index Fund during the 3rd quarter valued at approximately $30,000. Root Financial Partners LLC bought a new position in shares of First Trust NASDAQ Technology Dividend Index Fund during the 1st quarter valued at approximately $33,000. Torren Management LLC bought a new position in shares of First Trust NASDAQ Technology Dividend Index Fund during the 1st quarter valued at approximately $37,000. Finally, Smartleaf Asset Management LLC increased its position in shares of First Trust NASDAQ Technology Dividend Index Fund by 97.1% during 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 last quarter.

First Trust NASDAQ Technology Dividend Index Fund Stock Performance

NASDAQ:TDIV traded up $1.12 during trading hours on Friday, reaching $116.95. The stock had a trading volume of 100,609 shares, compared to its average volume of 123,880. First Trust NASDAQ Technology Dividend Index Fund has a 52 week low of $85.58 and a 52 week high of $128.50. The company has a 50 day moving average price of $109.99 and a two-hundred day moving average price of $101.97. The stock has a market capitalization of $4.43 billion, a PE ratio of 25.63 and a beta of 1.15.

First Trust NASDAQ Technology Dividend Index Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were paid a $0.3153 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $1.26 dividend on an annualized basis and a yield of 1.1%.

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.