First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Sees Significant Drop in Short Interest

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) was the recipient of a significant decrease in short interest in January. As of January 15th, there was short interest totalling 105,400 shares, a decrease of 13.0% from the December 31st total of 121,100 shares. Based on an average daily trading volume, of 107,100 shares, the short-interest ratio is currently 1.0 days.

First Trust NASDAQ Technology Dividend Index Fund Stock Performance

Shares of TDIV stock traded down $0.11 during mid-day trading on Friday, hitting $80.75. The company’s stock had a trading volume of 165,380 shares, compared to its average volume of 145,169. The stock has a market cap of $2.94 billion, a price-to-earnings ratio of 26.61 and a beta of 1.00. First Trust NASDAQ Technology Dividend Index Fund has a 52-week low of $65.07 and a 52-week high of $83.57. The business has a 50-day moving average price of $80.10 and a 200 day moving average price of $78.69.

First Trust NASDAQ Technology Dividend Index Fund Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Investors 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 Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TDIV. Raleigh Capital Management Inc. boosted its position in shares of First Trust NASDAQ Technology Dividend Index Fund by 100.8% during the 4th quarter. Raleigh Capital Management Inc. now owns 514 shares of the company’s stock valued at $40,000 after acquiring an additional 258 shares during the last quarter. ORG Partners LLC purchased a new stake in First Trust NASDAQ Technology Dividend Index Fund during the fourth quarter valued at $47,000. Venturi Wealth Management LLC bought a new position in First Trust NASDAQ Technology Dividend Index Fund during the third quarter valued at $57,000. Darwin Wealth Management LLC purchased a new position in shares of First Trust NASDAQ Technology Dividend Index Fund in the 3rd quarter worth $60,000. Finally, GAMMA Investing LLC increased its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 42.9% in the 4th quarter. GAMMA Investing LLC now owns 1,230 shares of the company’s stock worth $97,000 after buying an additional 369 shares during the last quarter.

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.