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 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

NASDAQ:TDIV traded up $0.90 during mid-day trading on Friday, reaching $80.54. The company’s stock had a trading volume of 8,518 shares, compared to its average volume of 116,659. The stock has a market cap of $2.93 billion, a P/E ratio of 26.61 and a beta of 1.00. First Trust NASDAQ Technology Dividend Index Fund has a twelve month low of $63.56 and a twelve month high of $82.43. The company’s fifty day simple moving average is $79.83 and its two-hundred day simple moving average is $78.44.

First Trust NASDAQ Technology Dividend Index Fund Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a $0.446 dividend. The ex-dividend date was Friday, December 13th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. LPL Financial LLC raised its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 6.7% during the third quarter. LPL Financial LLC now owns 2,264,110 shares of the company’s stock worth $181,808,000 after purchasing an additional 142,042 shares during the period. Commonwealth Equity Services LLC lifted its stake in First Trust NASDAQ Technology Dividend Index Fund by 2.8% in the third quarter. Commonwealth Equity Services LLC now owns 385,382 shares of the company’s stock valued at $30,946,000 after buying an additional 10,552 shares during the last quarter. Park National Corp OH boosted its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 0.7% during the third quarter. Park National Corp OH now owns 314,869 shares of the company’s stock valued at $25,284,000 after acquiring an additional 2,330 shares during the period. NewEdge Advisors LLC increased its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 116.1% in the 2nd quarter. NewEdge Advisors LLC now owns 218,355 shares of the company’s stock worth $16,521,000 after acquiring an additional 117,324 shares during the period. Finally, Aprio Wealth Management LLC lifted its position in First Trust NASDAQ Technology Dividend Index Fund by 9.6% in the 4th quarter. Aprio Wealth Management LLC now owns 196,021 shares of the company’s stock valued at $15,380,000 after purchasing an additional 17,151 shares during 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.