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 large decrease in short interest in August. As of August 15th, there was short interest totalling 53,100 shares, a decrease of 23.0% from the July 31st total of 69,000 shares. Based on an average daily volume of 100,000 shares, the days-to-cover ratio is presently 0.5 days.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Cornerstone Wealth Management LLC raised its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 1.6% during the second quarter. Cornerstone Wealth Management LLC now owns 8,286 shares of the company’s stock worth $627,000 after purchasing an additional 132 shares during the last quarter. Harbor Investment Advisory LLC raised its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 2.2% during the 1st quarter. Harbor Investment Advisory LLC now owns 6,930 shares of the company’s stock valued at $483,000 after buying an additional 150 shares during the last quarter. Park Avenue Securities LLC lifted its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 0.7% in the 2nd quarter. Park Avenue Securities LLC now owns 22,729 shares of the company’s stock valued at $1,720,000 after buying an additional 154 shares during the period. Arkadios Wealth Advisors boosted its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 4.2% in the second quarter. Arkadios Wealth Advisors now owns 4,893 shares of the company’s stock worth $370,000 after buying an additional 195 shares during the last quarter. Finally, Secure Asset Management LLC boosted its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 3.2% in the second quarter. Secure Asset Management LLC now owns 6,568 shares of the company’s stock worth $497,000 after buying an additional 201 shares during the last quarter.

First Trust NASDAQ Technology Dividend Index Fund Trading Up 1.2 %

Shares of NASDAQ TDIV traded up $0.90 during midday trading on Friday, reaching $77.73. The company had a trading volume of 192,066 shares, compared to its average volume of 97,113. First Trust NASDAQ Technology Dividend Index Fund has a 1 year low of $53.85 and a 1 year high of $79.67. The business’s 50-day simple moving average is $76.05 and its 200 day simple moving average is $72.13. The stock has a market cap of $2.73 billion, a P/E ratio of 26.61 and a beta of 1.00.

First Trust NASDAQ Technology Dividend Index Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were paid a $0.3664 dividend. This represents a $1.47 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend was Thursday, June 27th.

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.