First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Sees Large Growth in Short Interest

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIVGet Rating) was the recipient of a significant increase in short interest in the month of May. As of May 15th, there was short interest totalling 58,700 shares, an increase of 100.3% from the April 30th total of 29,300 shares. Based on an average daily trading volume, of 140,000 shares, the short-interest ratio is currently 0.4 days.

Institutional investors and hedge funds have recently bought and sold shares of the business. UBS Group AG grew its stake in First Trust NASDAQ Technology Dividend Index Fund by 3.0% in the third quarter. UBS Group AG now owns 713,622 shares of the company’s stock valued at $40,298,000 after purchasing an additional 20,919 shares during the last quarter. Royal Bank of Canada grew its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 4.5% during the third quarter. Royal Bank of Canada now owns 273,907 shares of the company’s stock worth $15,468,000 after acquiring an additional 11,844 shares during the last quarter. Park National Corp OH grew its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 0.9% during the fourth quarter. Park National Corp OH now owns 253,815 shares of the company’s stock worth $15,952,000 after acquiring an additional 2,279 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 1.5% during the third quarter. Cetera Investment Advisers now owns 140,234 shares of the company’s stock worth $7,919,000 after acquiring an additional 2,122 shares during the last quarter. Finally, LPL Financial LLC grew its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 8.4% during the third quarter. LPL Financial LLC now owns 729,146 shares of the company’s stock worth $41,175,000 after acquiring an additional 56,397 shares during the last quarter.

TDIV opened at $54.79 on Friday. The business’s 50-day moving average is $56.13 and its two-hundred day moving average is $58.73. First Trust NASDAQ Technology Dividend Index Fund has a 1 year low of $51.27 and a 1 year high of $64.24.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Monday, March 28th were paid a $0.22 dividend. The ex-dividend date was Friday, March 25th. This represents a $0.88 annualized dividend and a yield of 1.61%.

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