First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Short Interest Down 47.3% in March

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIVGet Rating) was the target of a significant drop in short interest in March. As of March 31st, there was short interest totalling 64,300 shares, a drop of 47.3% from the March 15th total of 122,100 shares. Based on an average daily volume of 145,300 shares, the short-interest ratio is currently 0.4 days.

Several institutional investors and hedge funds have recently added to or reduced their stakes in TDIV. Bank of America Corp DE increased its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 2.5% in the second quarter. Bank of America Corp DE now owns 1,416,114 shares of the company’s stock worth $81,172,000 after buying an additional 33,991 shares during the period. Destiny Wealth Partners LLC purchased a new position in shares of First Trust NASDAQ Technology Dividend Index Fund in the third quarter worth about $141,000. Sigma Planning Corp increased its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 8.3% in the third quarter. Sigma Planning Corp now owns 61,207 shares of the company’s stock worth $3,456,000 after buying an additional 4,697 shares during the period. Commonwealth Equity Services LLC increased its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 6.8% in the third quarter. Commonwealth Equity Services LLC now owns 185,163 shares of the company’s stock worth $10,456,000 after buying an additional 11,803 shares during the period. Finally, Miracle Mile Advisors LLC increased its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 5.1% in the third quarter. Miracle Mile Advisors LLC now owns 10,255 shares of the company’s stock worth $579,000 after buying an additional 499 shares during the period.

NASDAQ TDIV opened at $55.83 on Friday. The stock’s 50-day simple moving average is $58.06 and its two-hundred day simple moving average is $59.36. First Trust NASDAQ Technology Dividend Index Fund has a twelve month low of $54.08 and a twelve month high of $64.24.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Monday, March 28th were issued a $0.22 dividend. The ex-dividend date of this dividend was Friday, March 25th. This represents a $0.88 annualized dividend and a dividend yield of 1.58%.

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