First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Short Interest Update

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totalling 36,600 shares, a drop of 32.5% from the August 15th total of 54,200 shares. Based on an average daily trading volume, of 101,500 shares, the days-to-cover ratio is currently 0.4 days.

First Trust NASDAQ Technology Dividend Index Fund Stock Down 1.5 %

Shares of TDIV traded down $0.87 during trading hours on Friday, reaching $58.08. 60,899 shares of the company traded hands, compared to its average volume of 111,564. The stock has a market capitalization of $1.97 billion, a PE ratio of 14.60 and a beta of 1.00. First Trust NASDAQ Technology Dividend Index Fund has a fifty-two week low of $41.61 and a fifty-two week high of $60.30. The stock has a fifty day simple moving average of $58.70 and a 200 day simple moving average of $55.76.

First Trust NASDAQ Technology Dividend Index Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Wednesday, June 28th were paid a dividend of $0.2627 per share. The ex-dividend date of this dividend was Tuesday, June 27th. This represents a $1.05 dividend on an annualized basis and a dividend yield of 1.81%. This is a positive change from First Trust NASDAQ Technology Dividend Index Fund’s previous quarterly dividend of $0.18.

Institutional Trading of First Trust NASDAQ Technology Dividend Index Fund

Large investors have recently made changes to their positions in the stock. Cetera Investment Advisers boosted its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 17.5% during the fourth quarter. Cetera Investment Advisers now owns 229,183 shares of the company’s stock valued at $10,950,000 after acquiring an additional 34,177 shares during the last quarter. J Arnold Wealth Management Co boosted its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 16.8% during the fourth quarter. J Arnold Wealth Management Co now owns 1,809 shares of the company’s stock valued at $86,000 after acquiring an additional 260 shares during the last quarter. Kingsview Wealth Management LLC boosted its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 1.9% during the fourth quarter. Kingsview Wealth Management LLC now owns 21,505 shares of the company’s stock valued at $1,027,000 after acquiring an additional 408 shares during the last quarter. Advisors Capital Management LLC acquired a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund during the fourth quarter valued at $450,000. Finally, Atria Wealth Solutions Inc. boosted its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 4.2% during the fourth quarter. Atria Wealth Solutions Inc. now owns 112,513 shares of the company’s stock valued at $5,376,000 after acquiring an additional 4,525 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.