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

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) was the target of a significant increase in short interest in March. As of March 15th, there was short interest totalling 73,300 shares, an increase of 155.4% from the February 28th total of 28,700 shares. Based on an average daily trading volume, of 120,500 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.2% of the shares of the stock are sold short.

Institutional Trading of First Trust NASDAQ Technology Dividend Index Fund

Institutional investors and hedge funds have recently modified their holdings of the business. HBW Advisory Services LLC acquired a new position in shares of First Trust NASDAQ Technology Dividend Index Fund during the 4th quarter worth approximately $549,000. GAMMA Investing LLC increased its position in First Trust NASDAQ Technology Dividend Index Fund by 42.9% during the fourth quarter. GAMMA Investing LLC now owns 1,230 shares of the company’s stock worth $97,000 after buying an additional 369 shares in the last quarter. Private Client Services LLC raised its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 23.9% in the fourth quarter. Private Client Services LLC now owns 5,181 shares of the company’s stock worth $407,000 after acquiring an additional 1,001 shares during the last quarter. World Investment Advisors LLC lifted its position in shares of First Trust NASDAQ Technology Dividend Index Fund by 524.6% in the third quarter. World Investment Advisors LLC now owns 33,436 shares of the company’s stock valued at $2,685,000 after acquiring an additional 28,083 shares in the last quarter. Finally, Sanctuary Advisors LLC boosted its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 10.9% during the third quarter. Sanctuary Advisors LLC now owns 21,826 shares of the company’s stock valued at $1,746,000 after acquiring an additional 2,148 shares during the last quarter.

First Trust NASDAQ Technology Dividend Index Fund Stock Down 2.3 %

NASDAQ:TDIV opened at $73.39 on Friday. First Trust NASDAQ Technology Dividend Index Fund has a 52-week low of $65.07 and a 52-week high of $84.17. The stock has a fifty day simple moving average of $79.37 and a 200-day simple moving average of $79.64. The company has a market capitalization of $2.68 billion, a PE ratio of 26.07 and a beta of 1.00.

First Trust NASDAQ Technology Dividend Index Fund Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be given a dividend of $0.2703 per share. The ex-dividend date is Thursday, March 27th. This represents a $1.08 dividend on an annualized basis and a yield of 1.47%. This is a boost from First Trust NASDAQ Technology Dividend Index Fund’s previous quarterly dividend of $0.25.

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.