First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Sees Significant Drop in Short Interest

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) was the recipient of a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 22,300 shares, a decline of 82.5% from the March 31st total of 127,400 shares. Based on an average trading volume of 96,400 shares, the days-to-cover ratio is currently 0.2 days.

First Trust NASDAQ Technology Dividend Index Fund Price Performance

TDIV traded up $0.67 on Friday, reaching $67.58. 53,381 shares of the company’s stock were exchanged, compared to its average volume of 99,252. The stock has a market cap of $2.34 billion, a PE ratio of 26.83 and a beta of 1.00. First Trust NASDAQ Technology Dividend Index Fund has a twelve month low of $51.37 and a twelve month high of $71.17. The stock’s fifty day moving average price is $68.47 and its 200-day moving average price is $63.96.

First Trust NASDAQ Technology Dividend Index Fund Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 22nd were given a dividend of $0.1907 per share. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.76 dividend on an annualized basis and a yield of 1.13%.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Wells Fargo & Company MN boosted its position in First Trust NASDAQ Technology Dividend Index Fund by 7.6% during the fourth quarter. Wells Fargo & Company MN now owns 1,404,952 shares of the company’s stock worth $90,043,000 after acquiring an additional 99,811 shares during the last quarter. UBS Group AG boosted its position in First Trust NASDAQ Technology Dividend Index Fund by 28.8% during the fourth quarter. UBS Group AG now owns 1,082,866 shares of the company’s stock worth $69,401,000 after acquiring an additional 242,111 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in First Trust NASDAQ Technology Dividend Index Fund by 16.3% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 982,740 shares of the company’s stock worth $55,122,000 after acquiring an additional 137,393 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in First Trust NASDAQ Technology Dividend Index Fund by 5.3% during the third quarter. Envestnet Asset Management Inc. now owns 522,357 shares of the company’s stock worth $29,299,000 after purchasing an additional 26,469 shares during the period. Finally, Raymond James & Associates raised its stake in First Trust NASDAQ Technology Dividend Index Fund by 0.3% during the first quarter. Raymond James & Associates now owns 367,031 shares of the company’s stock worth $25,571,000 after purchasing an additional 1,033 shares during the period.

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.