Short Interest in First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Drops By 62.2%

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) was the recipient of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 30,500 shares, adropof62.2% from the July 15th total of 80,600 shares. Currently,0.1% of the shares of the company are sold short. Based on an average trading volume of 119,200 shares, the short-interest ratio is presently 0.3 days. Based on an average trading volume of 119,200 shares, the short-interest ratio is presently 0.3 days. Currently,0.1% of the shares of the company are sold short.

First Trust NASDAQ Technology Dividend Index Fund Price Performance

Shares of NASDAQ TDIV opened at $91.92 on Friday. The stock has a market capitalization of $3.39 billion, a price-to-earnings ratio of 25.63 and a beta of 1.00. First Trust NASDAQ Technology Dividend Index Fund has a 12 month low of $62.54 and a 12 month high of $93.17. The firm’s 50 day simple moving average is $90.14 and its 200-day simple moving average is $81.50.

First Trust NASDAQ Technology Dividend Index Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were paid a dividend of $0.3191 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Thursday, June 26th. This is a positive change from First Trust NASDAQ Technology Dividend Index Fund’s previous quarterly dividend of $0.27.

Institutional Trading of First Trust NASDAQ Technology Dividend Index Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. LPL Financial LLC grew its position in First Trust NASDAQ Technology Dividend Index Fund by 5.3% during the first quarter. LPL Financial LLC now owns 2,366,613 shares of the company’s stock valued at $174,206,000 after buying an additional 119,189 shares during the period. Raymond James Financial Inc. grew its position in shares of First Trust NASDAQ Technology Dividend Index Fund by 17.1% during the 2nd quarter. Raymond James Financial Inc. now owns 1,386,401 shares of the company’s stock valued at $125,012,000 after acquiring an additional 202,281 shares during the period. Bank of America Corp DE grew its position in shares of First Trust NASDAQ Technology Dividend Index Fund by 16.0% during the 4th quarter. Bank of America Corp DE now owns 1,378,342 shares of the company’s stock valued at $108,145,000 after acquiring an additional 190,519 shares during the period. Envestnet Asset Management Inc. grew its holdings in First Trust NASDAQ Technology Dividend Index Fund by 36.6% in the second quarter. Envestnet Asset Management Inc. now owns 853,225 shares of the company’s stock valued at $76,935,000 after purchasing an additional 228,524 shares during the period. Finally, Royal Bank of Canada grew its holdings in First Trust NASDAQ Technology Dividend Index Fund by 5.6% in the first quarter. Royal Bank of Canada now owns 486,637 shares of the company’s stock valued at $35,822,000 after purchasing an additional 25,912 shares during the period.

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.