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

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) saw a significant decline in short interest in January. As of January 31st, there was short interest totalling 34,700 shares, a decline of 67.1% from the January 15th total of 105,400 shares. Based on an average daily volume of 109,100 shares, the days-to-cover ratio is currently 0.3 days.

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

Several large investors have recently made changes to their positions in the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in First Trust NASDAQ Technology Dividend Index Fund in the third quarter valued at about $1,265,000. TCV Trust & Wealth Management Inc. bought a new stake in First Trust NASDAQ Technology Dividend Index Fund in the third quarter valued at about $256,000. Capital Advisors Ltd. LLC increased its holdings in First Trust NASDAQ Technology Dividend Index Fund by 6.0% in the third quarter. Capital Advisors Ltd. LLC now owns 38,640 shares of the company’s stock valued at $3,103,000 after purchasing an additional 2,192 shares during the last quarter. Silver Oak Securities Incorporated increased its holdings in First Trust NASDAQ Technology Dividend Index Fund by 22.3% in the third quarter. Silver Oak Securities Incorporated now owns 16,453 shares of the company’s stock valued at $1,322,000 after purchasing an additional 3,005 shares during the last quarter. Finally, Global Assets Advisory LLC bought a new stake in First Trust NASDAQ Technology Dividend Index Fund in the third quarter valued at about $304,000.

First Trust NASDAQ Technology Dividend Index Fund Stock Performance

First Trust NASDAQ Technology Dividend Index Fund stock traded up $0.30 on Thursday, reaching $81.75. The company’s stock had a trading volume of 50,536 shares, compared to its average volume of 125,928. First Trust NASDAQ Technology Dividend Index Fund has a twelve month low of $65.07 and a twelve month high of $83.57. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 26.61 and a beta of 1.00. The business’s fifty day moving average price is $80.24 and its 200 day moving average price is $78.96.

First Trust NASDAQ Technology Dividend Index Fund Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a dividend of $0.446 per share. The ex-dividend date 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.