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

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) saw a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 36,209 shares, a decrease of 36.5% from the September 15th total of 56,979 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 155,884 shares, the short-interest ratio is presently 0.2 days.

First Trust NASDAQ Technology Dividend Index Fund Stock Down 1.8%

Shares of NASDAQ TDIV traded down $2.05 during trading on Friday, reaching $111.46. The company had a trading volume of 1,301,505 shares, compared to its average volume of 141,253. First Trust NASDAQ Technology Dividend Index Fund has a 12-month low of $90.24 and a 12-month high of $128.50. The business’s 50-day moving average is $114.88 and its 200 day moving average is $112.06. The stock has a market cap of $4.35 billion, a PE ratio of 25.63 and a beta of 1.18.

First Trust NASDAQ Technology Dividend Index Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were paid a dividend of $0.3497 per share. The ex-dividend date was Thursday, September 24th. This represents a $1.40 annualized dividend and a yield of 1.3%. This is a negative change from First Trust NASDAQ Technology Dividend Index Fund’s previous quarterly dividend of $0.4231.

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

A number of hedge funds have recently bought and sold shares of TDIV. Trust Co. of Vermont bought a new position in First Trust NASDAQ Technology Dividend Index Fund during the 2nd quarter valued at about $25,000. Root Financial Partners LLC bought a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund in the first quarter worth approximately $33,000. Torren Management LLC bought a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund in the first quarter worth approximately $37,000. Sunbelt Securities Inc. raised its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 65.4% during the first quarter. Sunbelt Securities Inc. now owns 506 shares of the company’s stock valued at $47,000 after purchasing an additional 200 shares during the last quarter. Finally, Halbert Hargrove Global Advisors LLC purchased a new position in shares of First Trust NASDAQ Technology Dividend Index Fund during the third quarter valued at approximately $58,000.

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.