First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Short Interest Up 53.1% in December

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 94,635 shares, an increase of 53.1% from the November 30th total of 61,820 shares. Based on an average trading volume of 77,784 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.2% of the company’s stock are sold short. Approximately 0.2% of the company’s stock are sold short. Based on an average trading volume of 77,784 shares, the days-to-cover ratio is currently 1.2 days.

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

Large investors have recently modified their holdings of the company. Kingswood Wealth Advisors LLC raised its position in First Trust NASDAQ Technology Dividend Index Fund by 0.7% in the 3rd quarter. Kingswood Wealth Advisors LLC now owns 15,115 shares of the company’s stock valued at $1,490,000 after purchasing an additional 109 shares during the last quarter. Great Valley Advisor Group Inc. increased its stake in First Trust NASDAQ Technology Dividend Index Fund by 1.0% in the second quarter. Great Valley Advisor Group Inc. now owns 12,361 shares of the company’s stock valued at $1,115,000 after purchasing an additional 119 shares during the period. Cornerstone Wealth Management LLC boosted its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 0.9% during the third quarter. Cornerstone Wealth Management LLC now owns 13,412 shares of the company’s stock worth $1,322,000 after buying an additional 124 shares during the period. Centaurus Financial Inc. boosted its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 5.6% during the third quarter. Centaurus Financial Inc. now owns 2,658 shares of the company’s stock worth $262,000 after buying an additional 140 shares during the period. Finally, Trek Financial LLC grew its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 4.5% during the third quarter. Trek Financial LLC now owns 3,544 shares of the company’s stock worth $349,000 after buying an additional 152 shares during the last quarter.

First Trust NASDAQ Technology Dividend Index Fund Price Performance

Shares of First Trust NASDAQ Technology Dividend Index Fund stock traded up $0.04 during trading hours on Tuesday, hitting $97.90. The company had a trading volume of 36,360 shares, compared to its average volume of 114,929. First Trust NASDAQ Technology Dividend Index Fund has a twelve month low of $62.54 and a twelve month high of $103.15. The company has a market cap of $3.73 billion, a P/E ratio of 25.63 and a beta of 1.09. The company’s 50-day moving average is $98.00 and its two-hundred day moving average is $95.08.

First Trust NASDAQ Technology Dividend Index Fund Increases Dividend

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

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.