Short Interest in First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Drops By 94.3%

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) was the target of a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 4,597 shares, a drop of 94.3% from the January 29th total of 80,388 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 173,682 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 173,682 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

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

Large investors have recently added to or reduced their stakes in the company. Catalyst Investment Management LLC bought a new stake in First Trust NASDAQ Technology Dividend Index Fund during the fourth quarter worth $5,588,000. Briggs Wealth Management Inc acquired a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund during the 4th quarter worth about $657,000. Corient Private Wealth LLC lifted its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 1,334.8% during the 4th quarter. Corient Private Wealth LLC now owns 30,906 shares of the company’s stock worth $2,993,000 after buying an additional 28,752 shares during the last quarter. EP Wealth Advisors LLC bought a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund during the 4th quarter worth about $490,000. Finally, NewEdge Advisors LLC grew its stake in First Trust NASDAQ Technology Dividend Index Fund by 32.0% in the 4th quarter. NewEdge Advisors LLC now owns 300,492 shares of the company’s stock valued at $29,100,000 after buying an additional 72,788 shares during the last quarter.

First Trust NASDAQ Technology Dividend Index Fund Trading Up 1.4%

NASDAQ:TDIV opened at $99.61 on Thursday. First Trust NASDAQ Technology Dividend Index Fund has a 1 year low of $62.54 and a 1 year high of $103.15. The stock has a 50-day moving average price of $98.50 and a two-hundred day moving average price of $97.51. The stock has a market cap of $3.81 billion, a price-to-earnings ratio of 25.63 and a beta of 1.09.

First Trust NASDAQ Technology Dividend Index Fund Increases Dividend

The firm 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 represents a $1.98 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Friday, December 12th. This is a positive change from First Trust NASDAQ Technology Dividend Index Fund’s previous quarterly dividend of $0.28.

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.