First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Short Interest Up 237.1% in June

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 171,518 shares, a growth of 237.1% from the May 31st total of 50,884 shares. Based on an average daily trading volume, of 128,620 shares, the short-interest ratio is presently 1.3 days. Approximately 0.5% of the company’s shares are short sold.

First Trust NASDAQ Technology Dividend Index Fund Price Performance

TDIV stock traded down $0.88 during midday trading on Monday, reaching $111.23. 37,961 shares of the company’s stock traded hands, compared to its average volume of 125,625. First Trust NASDAQ Technology Dividend Index Fund has a fifty-two week low of $88.58 and a fifty-two week high of $128.50. The business has a 50-day moving average price of $113.80 and a two-hundred day moving average price of $103.29. The company has a market capitalization of $4.22 billion, a P/E ratio of 25.63 and a beta of 1.15.

First Trust NASDAQ Technology Dividend Index Fund Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Thursday, June 25th will be issued a dividend of $0.4231 per share. This represents a $1.69 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Thursday, June 25th. This is a positive change from First Trust NASDAQ Technology Dividend Index Fund’s previous quarterly dividend of $0.32.

Institutional Trading of First Trust NASDAQ Technology Dividend Index Fund

A number of institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its position in shares of First Trust NASDAQ Technology Dividend Index Fund by 8.0% during the third quarter. JPMorgan Chase & Co. now owns 43,215 shares of the company’s stock worth $4,261,000 after purchasing an additional 3,198 shares in the last quarter. Silver Oak Securities Incorporated increased its stake in First Trust NASDAQ Technology Dividend Index Fund by 3.2% during the 4th quarter. Silver Oak Securities Incorporated now owns 39,469 shares of the company’s stock worth $3,858,000 after buying an additional 1,236 shares during the period. Nova Wealth Management Inc. increased its stake in First Trust NASDAQ Technology Dividend Index Fund by 9.9% during the 4th quarter. Nova Wealth Management Inc. now owns 7,387 shares of the company’s stock worth $715,000 after buying an additional 665 shares during the period. Clarus Wealth Advisors lifted its holdings in First Trust NASDAQ Technology Dividend Index Fund by 21.3% in the 4th quarter. Clarus Wealth Advisors now owns 9,129 shares of the company’s stock worth $907,000 after buying an additional 1,601 shares in the last quarter. Finally, Avaii Wealth Management LLC lifted its holdings in First Trust NASDAQ Technology Dividend Index Fund by 24.4% in the 4th quarter. Avaii Wealth Management LLC now owns 138,131 shares of the company’s stock worth $13,377,000 after buying an additional 27,103 shares in the last quarter.

First Trust NASDAQ Technology Dividend Index Fund Company Profile

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.