First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Short Interest Up 45.7% in December

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) was the target of a large growth in short interest in December. As of December 31st, there was short interest totalling 121,100 shares, a growth of 45.7% from the December 15th total of 83,100 shares. Based on an average daily volume of 97,900 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Truist Financial Corp lifted its stake in First Trust NASDAQ Technology Dividend Index Fund by 6.7% in the second quarter. Truist Financial Corp now owns 49,033 shares of the company’s stock valued at $3,710,000 after purchasing an additional 3,088 shares during the last quarter. Aprio Wealth Management LLC lifted its position in shares of First Trust NASDAQ Technology Dividend Index Fund by 3.2% during the 3rd quarter. Aprio Wealth Management LLC now owns 178,870 shares of the company’s stock valued at $14,363,000 after buying an additional 5,463 shares during the last quarter. Centaurus Financial Inc. bought a new position in shares of First Trust NASDAQ Technology Dividend Index Fund during the 2nd quarter worth $107,000. WealthBridge Capital Management LLC increased its holdings in First Trust NASDAQ Technology Dividend Index Fund by 3.9% in the 3rd quarter. WealthBridge Capital Management LLC now owns 5,368 shares of the company’s stock worth $431,000 after acquiring an additional 203 shares during the last quarter. Finally, Private Client Services LLC bought a new stake in First Trust NASDAQ Technology Dividend Index Fund in the 3rd quarter valued at about $336,000.

First Trust NASDAQ Technology Dividend Index Fund Trading Up 1.1 %

Shares of TDIV traded up $0.90 on Friday, reaching $80.54. The company’s stock had a trading volume of 8,518 shares, compared to its average volume of 116,659. The stock has a market capitalization of $2.93 billion, a PE ratio of 26.61 and a beta of 1.00. First Trust NASDAQ Technology Dividend Index Fund has a twelve month low of $63.56 and a twelve month high of $82.43. The firm has a fifty day moving average of $79.83 and a 200-day moving average of $78.44.

First Trust NASDAQ Technology Dividend Index Fund Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a dividend of $0.446 per share. The ex-dividend date of this dividend was Friday, December 13th.

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.