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

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totaling 113,679 shares, a growth of 20.1% from the December 15th total of 94,635 shares. Based on an average daily volume of 98,722 shares, the short-interest ratio is currently 1.2 days. Approximately 0.3% of the shares of the stock are sold short. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 98,722 shares, the short-interest ratio is currently 1.2 days.

First Trust NASDAQ Technology Dividend Index Fund Trading Down 2.6%

TDIV opened at $96.78 on Wednesday. The stock has a market capitalization of $3.71 billion, a P/E ratio of 25.63 and a beta of 1.09. The stock has a 50-day moving average price of $97.57 and a 200-day moving average price of $96.19. First Trust NASDAQ Technology Dividend Index Fund has a 12-month low of $62.54 and a 12-month high of $103.15.

First Trust NASDAQ Technology Dividend Index Fund Increases Dividend

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

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

A number of hedge funds have recently made changes to their positions in TDIV. Mainstay Capital Management LLC ADV bought a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund in the third quarter worth about $94,836,000. Envestnet Asset Management Inc. lifted its holdings in First Trust NASDAQ Technology Dividend Index Fund by 36.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 853,225 shares of the company’s stock worth $76,935,000 after buying an additional 228,524 shares during the period. Raymond James Financial Inc. grew its position 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 worth $125,012,000 after buying an additional 202,281 shares during the last quarter. IFP Advisors Inc grew its position in shares of First Trust NASDAQ Technology Dividend Index Fund by 317.3% in the 3rd quarter. IFP Advisors Inc now owns 173,548 shares of the company’s stock worth $17,110,000 after buying an additional 131,955 shares during the last quarter. Finally, Ethos Financial Group LLC increased its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 2,146.8% during the second quarter. Ethos Financial Group LLC now owns 81,312 shares of the company’s stock valued at $7,332,000 after buying an additional 77,693 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.