First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Short Interest Up 237.1% in June

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) saw a large increase in short interest in June. As of June 15th, there was short interest totaling 171,518 shares, an increase of 237.1% from the May 31st total of 50,884 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average trading volume of 128,620 shares, the days-to-cover ratio is presently 1.3 days.

Institutional Trading of First Trust NASDAQ Technology Dividend Index Fund

A number of hedge funds have recently made changes to their positions in the stock. LPL Financial LLC increased its position in First Trust NASDAQ Technology Dividend Index Fund by 1.5% during the 4th quarter. LPL Financial LLC now owns 2,834,906 shares of the company’s stock valued at $274,532,000 after buying an additional 40,614 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 5.1% in the fourth quarter. Wells Fargo & Company MN now owns 1,563,891 shares of the company’s stock worth $151,447,000 after acquiring an additional 75,624 shares during the last quarter. Bank of America Corp DE raised its position in shares of First Trust NASDAQ Technology Dividend Index Fund by 7.6% in the 1st quarter. Bank of America Corp DE now owns 1,485,495 shares of the company’s stock worth $139,131,000 after purchasing an additional 104,853 shares during the last quarter. Raymond James Financial Inc. raised its position in shares of First Trust NASDAQ Technology Dividend Index Fund by 17.1% in the 2nd quarter. Raymond James Financial Inc. now owns 1,386,401 shares of the company’s stock worth $125,012,000 after purchasing an additional 202,281 shares during the last quarter. Finally, Mainstay Capital Management LLC ADV boosted its stake in First Trust NASDAQ Technology Dividend Index Fund by 10.2% in the 4th quarter. Mainstay Capital Management LLC ADV now owns 1,059,649 shares of the company’s stock worth $102,616,000 after purchasing an additional 97,726 shares in the last quarter.

First Trust NASDAQ Technology Dividend Index Fund Price Performance

NASDAQ:TDIV opened at $113.85 on Tuesday. First Trust NASDAQ Technology Dividend Index Fund has a one year low of $88.58 and a one year high of $128.50. The company’s 50-day simple moving average is $114.01 and its 200 day simple moving average is $103.38. The firm has a market capitalization of $4.31 billion, a P/E ratio of 25.63 and a beta of 1.15.

First Trust NASDAQ Technology Dividend Index Fund Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th will be issued a dividend of $0.4231 per share. The ex-dividend date is Thursday, June 25th. This is a positive change from First Trust NASDAQ Technology Dividend Index Fund’s previous quarterly dividend of $0.32. This represents a $1.69 annualized dividend and a dividend yield of 1.5%.

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.