Short Interest in First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Drops By 13.0%

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) was the recipient of a large decline in short interest during the month of January. As of January 15th, there was short interest totalling 105,400 shares, a decline of 13.0% from the December 31st total of 121,100 shares. Based on an average trading volume of 107,100 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Trading of First Trust NASDAQ Technology Dividend Index Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raleigh Capital Management Inc. lifted its position in shares of First Trust NASDAQ Technology Dividend Index Fund by 100.8% during the 4th quarter. Raleigh Capital Management Inc. now owns 514 shares of the company’s stock worth $40,000 after purchasing an additional 258 shares during the last quarter. ORG Partners LLC purchased a new position in shares of First Trust NASDAQ Technology Dividend Index Fund in the 4th quarter valued at about $47,000. Venturi Wealth Management LLC purchased a new stake in First Trust NASDAQ Technology Dividend Index Fund during the third quarter worth approximately $57,000. Darwin Wealth Management LLC acquired a new position in First Trust NASDAQ Technology Dividend Index Fund in the third quarter valued at approximately $60,000. Finally, GAMMA Investing LLC raised its holdings in First Trust NASDAQ Technology Dividend Index Fund by 42.9% during the fourth quarter. GAMMA Investing LLC now owns 1,230 shares of the company’s stock worth $97,000 after purchasing an additional 369 shares in the last quarter.

First Trust NASDAQ Technology Dividend Index Fund Price Performance

NASDAQ:TDIV opened at $80.75 on Monday. The firm has a market capitalization of $2.94 billion, a price-to-earnings ratio of 26.61 and a beta of 1.00. The company’s 50-day moving average is $80.10 and its two-hundred day moving average is $78.70. First Trust NASDAQ Technology Dividend Index Fund has a 1-year low of $65.07 and a 1-year high of $83.57.

First Trust NASDAQ Technology Dividend Index Fund Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a $0.446 dividend. The ex-dividend date of this dividend was Friday, December 13th.

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.