First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Short Interest Up 361.3% in April

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) was the recipient of a large increase in short interest in the month of April. As of April 15th, there was short interest totaling 121,115 shares, an increase of 361.3% from the March 31st total of 26,253 shares. Based on an average trading volume of 101,849 shares, the short-interest ratio is presently 1.2 days. Approximately 0.3% of the company’s shares are sold short.

First Trust NASDAQ Technology Dividend Index Fund Stock Performance

Shares of First Trust NASDAQ Technology Dividend Index Fund stock opened at $107.33 on Monday. The business has a 50-day moving average price of $97.85 and a two-hundred day moving average price of $98.18. First Trust NASDAQ Technology Dividend Index Fund has a 1-year low of $71.51 and a 1-year high of $108.24. The company has a market cap of $4.07 billion, a P/E ratio of 25.63 and a beta of 1.08.

First Trust NASDAQ Technology Dividend Index Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were issued a dividend of $0.3153 per share. This represents a $1.26 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Thursday, March 26th.

Institutional Trading of First Trust NASDAQ Technology Dividend Index Fund

Large investors have recently bought and sold shares of the business. LPL Financial LLC grew its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 1.5% in the 4th quarter. LPL Financial LLC now owns 2,834,906 shares of the company’s stock valued at $274,532,000 after buying an additional 40,614 shares during the period. Wells Fargo & Company MN grew its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 5.1% in the 4th quarter. Wells Fargo & Company MN now owns 1,563,891 shares of the company’s stock valued at $151,447,000 after buying an additional 75,624 shares during the period. Raymond James Financial Inc. grew its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 17.1% in the 2nd quarter. Raymond James Financial Inc. now owns 1,386,401 shares of the company’s stock valued at $125,012,000 after buying an additional 202,281 shares during the period. Mainstay Capital Management LLC ADV grew its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 10.2% in the 4th quarter. Mainstay Capital Management LLC ADV now owns 1,059,649 shares of the company’s stock valued at $102,616,000 after buying an additional 97,726 shares during the period. Finally, Royal Bank of Canada grew its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 8.4% in the 4th quarter. Royal Bank of Canada now owns 609,685 shares of the company’s stock valued at $59,042,000 after buying an additional 47,259 shares during the period.

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.