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 increase in short interest during the month of December. As of December 15th, there was short interest totalling 83,100 shares, an increase of 81.4% from the November 30th total of 45,800 shares. Based on an average daily volume of 95,700 shares, the short-interest ratio is presently 0.9 days.

Institutional Trading of First Trust NASDAQ Technology Dividend Index Fund

Several institutional investors and hedge funds have recently made changes to their positions in TDIV. Kestra Investment Management LLC purchased a new position in First Trust NASDAQ Technology Dividend Index Fund in the 2nd quarter worth about $13,816,000. LPL Financial LLC grew its stake in First Trust NASDAQ Technology Dividend Index Fund by 6.7% in the 3rd quarter. LPL Financial LLC now owns 2,264,110 shares of the company’s stock worth $181,808,000 after acquiring an additional 142,042 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of First Trust NASDAQ Technology Dividend Index Fund by 116.1% during the second quarter. NewEdge Advisors LLC now owns 218,355 shares of the company’s stock worth $16,521,000 after acquiring an additional 117,324 shares during the period. Avaii Wealth Management LLC bought a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund during the third quarter valued at approximately $9,204,000. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 35.9% in the second quarter. Commonwealth Equity Services LLC now owns 374,830 shares of the company’s stock valued at $28,360,000 after purchasing an additional 98,935 shares during the period.

First Trust NASDAQ Technology Dividend Index Fund Price Performance

Shares of TDIV traded down $0.75 during mid-day trading on Friday, reaching $79.98. 52,295 shares of the company’s stock traded hands, compared to its average volume of 95,733. The stock’s 50-day moving average is $80.06 and its two-hundred day moving average is $78.19. First Trust NASDAQ Technology Dividend Index Fund has a 12 month low of $61.77 and a 12 month high of $82.43. The stock has a market cap of $2.90 billion, a P/E ratio of 26.61 and a beta of 1.00.

First Trust NASDAQ Technology Dividend Index Fund Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a $0.446 dividend. The ex-dividend date of this dividend is Friday, December 13th.

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.