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

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

First Trust NASDAQ Technology Dividend Index Fund Price Performance

TDIV traded up $0.01 during trading hours on Thursday, reaching $79.64. The company’s stock had a trading volume of 113,120 shares, compared to its average volume of 125,935. The stock has a market cap of $2.89 billion, a PE ratio of 26.61 and a beta of 1.00. First Trust NASDAQ Technology Dividend Index Fund has a fifty-two week low of $62.48 and a fifty-two week high of $82.43. The business’s 50-day moving average is $79.87 and its 200-day moving average is $78.43.

First Trust NASDAQ Technology Dividend Index Fund Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders 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.

Institutional Trading of First Trust NASDAQ Technology Dividend Index Fund

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

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.