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

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) saw a significant growth in short interest in January. As of January 30th, there was short interest totaling 80,388 shares, a growth of 90.2% from the January 15th total of 42,263 shares. Based on an average trading volume of 180,517 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the company’s stock are sold short. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 180,517 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On First Trust NASDAQ Technology Dividend Index Fund

A number of large investors have recently added to or reduced their stakes in TDIV. Blue Trust Inc. acquired a new stake in First Trust NASDAQ Technology Dividend Index Fund during the second quarter worth approximately $27,000. Allspring Global Investments Holdings LLC acquired a new position in First Trust NASDAQ Technology Dividend Index Fund in the fourth quarter valued at about $27,000. Ameriflex Group Inc. acquired a new position in First Trust NASDAQ Technology Dividend Index Fund in the third quarter valued at about $30,000. Cullen Frost Bankers Inc. bought a new stake in First Trust NASDAQ Technology Dividend Index Fund during the third quarter worth about $36,000. Finally, Smartleaf Asset Management LLC grew its stake in First Trust NASDAQ Technology Dividend Index Fund by 97.1% during the third quarter. Smartleaf Asset Management LLC now owns 469 shares of the company’s stock worth $46,000 after buying an additional 231 shares in the last quarter.

First Trust NASDAQ Technology Dividend Index Fund Stock Performance

Shares of First Trust NASDAQ Technology Dividend Index Fund stock opened at $98.59 on Friday. The firm has a market cap of $3.77 billion, a PE ratio of 25.63 and a beta of 1.09. The business’s 50 day simple moving average is $98.52 and its 200 day simple moving average is $96.96. First Trust NASDAQ Technology Dividend Index Fund has a 52-week low of $62.54 and a 52-week high of $103.15.

First Trust NASDAQ Technology Dividend Index Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were given a $0.4949 dividend. This is a boost from First Trust NASDAQ Technology Dividend Index Fund’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Friday, December 12th. This represents a $1.98 dividend on an annualized basis and a dividend yield of 2.0%.

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.