Short Interest in First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Decreases By 23.0%

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) was the target of a significant decline in short interest during the month of August. As of August 15th, there was short interest totalling 53,100 shares, a decline of 23.0% from the July 31st total of 69,000 shares. Based on an average daily trading volume, of 100,000 shares, the days-to-cover ratio is presently 0.5 days.

First Trust NASDAQ Technology Dividend Index Fund Stock Performance

Shares of TDIV stock opened at $77.73 on Friday. The company has a market capitalization of $2.73 billion, a price-to-earnings ratio of 26.61 and a beta of 1.00. First Trust NASDAQ Technology Dividend Index Fund has a one year low of $53.85 and a one year high of $79.67. The company’s 50-day moving average is $76.05 and its 200 day moving average is $72.13.

First Trust NASDAQ Technology Dividend Index Fund Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were issued a dividend of $0.3664 per share. This represents a $1.47 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date was Thursday, June 27th.

Institutional Investors Weigh In On First Trust NASDAQ Technology Dividend Index Fund

Several large investors have recently bought and sold shares of TDIV. Fifth Third Bancorp grew its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 138.9% in the second quarter. Fifth Third Bancorp now owns 454 shares of the company’s stock worth $34,000 after acquiring an additional 264 shares during the period. 1620 Investment Advisors Inc. bought a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund in the second quarter worth $47,000. GAMMA Investing LLC purchased a new position in First Trust NASDAQ Technology Dividend Index Fund in the fourth quarter worth about $57,000. Creekmur Asset Management LLC bought a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund during the 4th quarter valued at about $68,000. Finally, Principal Securities Inc. bought a new position in shares of First Trust NASDAQ Technology Dividend Index Fund in the 4th quarter worth approximately $92,000.

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.