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

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) was the recipient of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 80,388 shares, an increase of 90.2% from the January 15th total of 42,263 shares. Based on an average trading volume of 180,517 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the shares of the stock are short sold. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 180,517 shares, the short-interest ratio is currently 0.4 days.

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

A number of hedge funds have recently added to or reduced their stakes in TDIV. Mainstay Capital Management LLC ADV bought a new position in First Trust NASDAQ Technology Dividend Index Fund during the third quarter valued at about $94,836,000. Envestnet Asset Management Inc. raised its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 36.6% during the second quarter. Envestnet Asset Management Inc. now owns 853,225 shares of the company’s stock worth $76,935,000 after acquiring an additional 228,524 shares in the last quarter. Raymond James Financial Inc. lifted its position in First Trust NASDAQ Technology Dividend Index Fund by 17.1% in the second quarter. Raymond James Financial Inc. now owns 1,386,401 shares of the company’s stock valued at $125,012,000 after purchasing an additional 202,281 shares during the last quarter. IFP Advisors Inc increased its position in shares of First Trust NASDAQ Technology Dividend Index Fund by 317.3% in the third quarter. IFP Advisors Inc now owns 173,548 shares of the company’s stock valued at $17,110,000 after acquiring an additional 131,955 shares during the period. Finally, Ethos Financial Group LLC raised its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 2,146.8% during the second quarter. Ethos Financial Group LLC now owns 81,312 shares of the company’s stock valued at $7,332,000 after acquiring an additional 77,693 shares in the last quarter.

First Trust NASDAQ Technology Dividend Index Fund Stock Down 1.8%

Shares of TDIV stock opened at $98.59 on Friday. First Trust NASDAQ Technology Dividend Index Fund has a twelve month low of $62.54 and a twelve month high of $103.15. The stock’s fifty day simple moving average is $98.52 and its 200 day simple moving average is $96.96. The firm has a market capitalization of $3.77 billion, a P/E ratio of 25.63 and a beta of 1.09.

First Trust NASDAQ Technology Dividend Index Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were paid a $0.4949 dividend. 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%. This is an increase from First Trust NASDAQ Technology Dividend Index Fund’s previous quarterly dividend of $0.28.

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.