First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Short Interest Up 1,902.8% in February

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) was the recipient of a large increase in short interest in February. As of February 27th, there was short interest totaling 92,068 shares, an increase of 1,902.8% from the February 12th total of 4,597 shares. Based on an average daily trading volume, of 117,680 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.2% of the shares of the stock are short sold. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 117,680 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund during the 4th quarter worth about $27,000. Ameriflex Group Inc. acquired a new position in shares of First Trust NASDAQ Technology Dividend Index Fund in the third quarter valued at approximately $30,000. Cullen Frost Bankers Inc. purchased a new position in shares of First Trust NASDAQ Technology Dividend Index Fund during the third quarter valued at approximately $36,000. Smartleaf Asset Management LLC boosted its position 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 acquiring an additional 231 shares during the last quarter. Finally, Capital Investment Advisory Services LLC boosted its position in First Trust NASDAQ Technology Dividend Index Fund by 202.5% during the fourth quarter. Capital Investment Advisory Services LLC now owns 481 shares of the company’s stock worth $47,000 after acquiring an additional 322 shares during the last quarter.

First Trust NASDAQ Technology Dividend Index Fund Stock Performance

First Trust NASDAQ Technology Dividend Index Fund stock opened at $96.67 on Wednesday. The stock has a fifty day moving average of $98.55 and a two-hundred day moving average of $97.93. The company has a market capitalization of $3.70 billion, a price-to-earnings ratio of 25.63 and a beta of 1.09. First Trust NASDAQ Technology Dividend Index Fund has a fifty-two week low of $62.54 and a fifty-two week high of $103.15.

First Trust NASDAQ Technology Dividend Index Fund Increases Dividend

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

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.