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

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 113,679 shares, a growth of 20.1% from the December 15th total of 94,635 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 98,722 shares, the days-to-cover ratio is presently 1.2 days. Based on an average daily trading volume, of 98,722 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.3% of the company’s shares are sold short.

First Trust NASDAQ Technology Dividend Index Fund Trading Up 0.5%

Shares of TDIV opened at $99.40 on Monday. First Trust NASDAQ Technology Dividend Index Fund has a twelve month low of $62.54 and a twelve month high of $103.15. The company has a market cap of $3.81 billion, a P/E ratio of 25.63 and a beta of 1.09. The company’s fifty day simple moving average is $97.57 and its 200-day simple moving average is $96.11.

First Trust NASDAQ Technology Dividend Index Fund Increases Dividend

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC bought a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund during the 4th quarter worth approximately $27,000. First Pacific Financial bought a new position in First Trust NASDAQ Technology Dividend Index Fund in the 2nd quarter valued at $27,000. Ameriflex Group Inc. purchased a new stake in First Trust NASDAQ Technology Dividend Index Fund in the third quarter worth $30,000. Blue Trust Inc. bought a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund during the second quarter worth $27,000. Finally, Cullen Frost Bankers Inc. purchased a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund during the third quarter valued at $36,000.

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.