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

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) was the recipient of a significant increase in short interest in February. As of February 27th, there was short interest totaling 92,068 shares, an increase of 1,902.8% from the February 12th total of 4,597 shares. Based on an average daily volume of 117,680 shares, the short-interest ratio is presently 0.8 days. Currently, 0.2% of the shares of the stock are sold short. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 117,680 shares, the short-interest ratio is presently 0.8 days.

First Trust NASDAQ Technology Dividend Index Fund Stock Down 0.4%

NASDAQ TDIV traded down $0.34 on Tuesday, reaching $96.67. 86,974 shares of the stock traded hands, compared to its average volume of 150,841. First Trust NASDAQ Technology Dividend Index Fund has a 12 month low of $62.54 and a 12 month high of $103.15. The company has a market cap of $3.70 billion, a price-to-earnings ratio of 25.63 and a beta of 1.09. The firm’s fifty day simple moving average is $98.55 and its 200 day simple moving average is $97.93.

First Trust NASDAQ Technology Dividend Index Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were paid a dividend of $0.4949 per share. This is an increase from First Trust NASDAQ Technology Dividend Index Fund’s previous quarterly dividend of $0.28. This represents a $1.98 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Friday, December 12th.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the business. LPL Financial LLC increased its position in shares of First Trust NASDAQ Technology Dividend Index Fund by 1.5% in the fourth quarter. LPL Financial LLC now owns 2,834,906 shares of the company’s stock worth $274,532,000 after acquiring an additional 40,614 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of First Trust NASDAQ Technology Dividend Index Fund by 5.1% in the 4th quarter. Wells Fargo & Company MN now owns 1,563,891 shares of the company’s stock valued at $151,447,000 after acquiring an additional 75,624 shares in the last quarter. Raymond James Financial Inc. boosted its stake in First Trust NASDAQ Technology Dividend Index Fund by 17.1% in the 2nd quarter. Raymond James Financial Inc. now owns 1,386,401 shares of the company’s stock worth $125,012,000 after purchasing an additional 202,281 shares during the period. Mainstay Capital Management LLC ADV boosted its stake in First Trust NASDAQ Technology Dividend Index Fund by 10.2% in the 4th quarter. Mainstay Capital Management LLC ADV now owns 1,059,649 shares of the company’s stock worth $102,616,000 after purchasing an additional 97,726 shares during the period. Finally, Royal Bank of Canada grew its position in First Trust NASDAQ Technology Dividend Index Fund by 8.4% during the 4th quarter. Royal Bank of Canada now owns 609,685 shares of the company’s stock worth $59,042,000 after purchasing an additional 47,259 shares in the last quarter.

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.