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

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) saw a significant growth in short interest in February. As of February 27th, there was short interest totaling 92,068 shares, a growth of 1,902.8% from the February 12th total of 4,597 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average trading volume of 117,680 shares, the short-interest ratio is currently 0.8 days. Based on an average trading volume of 117,680 shares, the short-interest ratio is currently 0.8 days. Approximately 0.2% of the company’s stock are short sold.

First Trust NASDAQ Technology Dividend Index Fund Stock Performance

Shares of NASDAQ TDIV traded down $0.34 during midday trading on Tuesday, reaching $96.67. 86,974 shares of the company’s stock were exchanged, compared to its average volume of 150,841. First Trust NASDAQ Technology Dividend Index Fund has a 52-week low of $62.54 and a 52-week high of $103.15. The business’s fifty day moving average price is $98.55 and its two-hundred day moving average price is $97.93. The stock has a market capitalization of $3.70 billion, a PE ratio of 25.63 and a beta of 1.09.

First Trust NASDAQ Technology Dividend Index Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were issued a dividend of $0.4949 per share. The ex-dividend date was Friday, December 12th. This represents a $1.98 annualized dividend 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.

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

Several institutional investors and hedge funds have recently made changes to their positions in TDIV. Allspring Global Investments Holdings LLC bought a new position in shares of First Trust NASDAQ Technology Dividend Index Fund in the 4th quarter worth about $27,000. Ameriflex Group Inc. bought a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund during the 3rd quarter valued at about $30,000. Cullen Frost Bankers Inc. acquired a new stake in First Trust NASDAQ Technology Dividend Index Fund during the third quarter worth about $36,000. Smartleaf Asset Management LLC raised its stake 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 period. Finally, Capital Investment Advisory Services LLC lifted its holdings in First Trust NASDAQ Technology Dividend Index Fund by 202.5% in 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.

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.