First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Short Interest Down 62.8% in January

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) saw a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 42,263 shares, a decrease of 62.8% from the December 31st total of 113,679 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 128,823 shares, the short-interest ratio is presently 0.3 days. Based on an average trading volume of 128,823 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the company’s shares are short sold.

First Trust NASDAQ Technology Dividend Index Fund Stock Down 1.2%

First Trust NASDAQ Technology Dividend Index Fund stock traded down $1.19 during trading on Thursday, reaching $99.28. The stock had a trading volume of 236,336 shares, compared to its average volume of 139,608. The stock has a market cap of $3.82 billion, a PE ratio of 25.63 and a beta of 1.09. The business has a 50 day moving average price of $97.95 and a 200 day moving average price of $96.45. 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 firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were paid a dividend of $0.4949 per share. This is a positive change 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%.

Hedge Funds Weigh In On First Trust NASDAQ Technology Dividend Index Fund

Institutional investors have recently made changes to their positions in the stock. First Pacific Financial purchased a new stake in First Trust NASDAQ Technology Dividend Index Fund during the 2nd quarter worth about $27,000. Blue Trust Inc. acquired a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund during the second quarter worth approximately $27,000. Allspring Global Investments Holdings LLC acquired a new stake in First Trust NASDAQ Technology Dividend Index Fund in the 4th quarter valued at approximately $27,000. Ameriflex Group Inc. acquired a new stake in First Trust NASDAQ Technology Dividend Index Fund during the third quarter valued at approximately $30,000. Finally, Cullen Frost Bankers Inc. acquired a new position in shares of First Trust NASDAQ Technology Dividend Index Fund in the third quarter worth $36,000.

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.