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

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) was the target of a large growth in short interest in September. As of September 30th, there was short interest totalling 122,500 shares, a growth of 406.2% from the September 15th total of 24,200 shares. Based on an average daily volume of 106,200 shares, the days-to-cover ratio is currently 1.2 days.

First Trust NASDAQ Technology Dividend Index Fund Stock Down 0.9 %

TDIV traded down $0.73 during trading on Thursday, hitting $80.88. 264,087 shares of the company’s stock were exchanged, compared to its average volume of 97,946. The stock has a market cap of $2.91 billion, a P/E ratio of 26.61 and a beta of 1.00. The business’s 50 day moving average is $77.06 and its two-hundred day moving average is $74.15. First Trust NASDAQ Technology Dividend Index Fund has a fifty-two week low of $53.85 and a fifty-two week high of $81.61.

First Trust NASDAQ Technology Dividend Index Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a $0.2456 dividend. This represents a $0.98 annualized dividend and a dividend yield of 1.21%. The ex-dividend date was Thursday, September 26th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Fifth Third Bancorp lifted its position in shares of First Trust NASDAQ Technology Dividend Index Fund by 138.9% during the second quarter. Fifth Third Bancorp now owns 454 shares of the company’s stock valued at $34,000 after purchasing an additional 264 shares in the last quarter. 1620 Investment Advisors Inc. purchased a new position in shares of First Trust NASDAQ Technology Dividend Index Fund in the 2nd quarter worth approximately $47,000. Creekmur Asset Management LLC bought a new position in shares of First Trust NASDAQ Technology Dividend Index Fund in the fourth quarter valued at approximately $68,000. Centaurus Financial Inc. purchased a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund during the second quarter valued at approximately $107,000. Finally, International Assets Investment Management LLC bought a new stake in First Trust NASDAQ Technology Dividend Index Fund during the second quarter worth $143,000.

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.