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 significant increase in short interest in December. As of December 31st, there was short interest totalling 121,100 shares, an increase of 45.7% from the December 15th total of 83,100 shares. Based on an average daily volume of 97,900 shares, the short-interest ratio is presently 1.2 days.

First Trust NASDAQ Technology Dividend Index Fund Price Performance

First Trust NASDAQ Technology Dividend Index Fund stock traded up $0.01 during midday trading on Thursday, reaching $79.64. The company had a trading volume of 113,120 shares, compared to its average volume of 125,935. First Trust NASDAQ Technology Dividend Index Fund has a 12-month low of $62.48 and a 12-month high of $82.43. The company has a market capitalization of $2.89 billion, a P/E ratio of 26.61 and a beta of 1.00. The firm’s fifty day simple moving average is $79.87 and its 200-day simple moving average is $78.43.

First Trust NASDAQ Technology Dividend Index Fund Announces Dividend

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

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

Hedge funds and other institutional investors have recently modified their holdings of the business. TrueWealth Advisors LLC grew its position in shares of First Trust NASDAQ Technology Dividend Index Fund by 7.5% in the fourth quarter. TrueWealth Advisors LLC now owns 9,120 shares of the company’s stock valued at $716,000 after purchasing an additional 633 shares in the last quarter. Park Avenue Securities LLC grew its holdings in First Trust NASDAQ Technology Dividend Index Fund by 114.6% in the 4th quarter. Park Avenue Securities LLC now owns 45,604 shares of the company’s stock valued at $3,578,000 after buying an additional 24,355 shares in the last quarter. AdvisorNet Financial Inc increased its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 84.4% in the 4th quarter. AdvisorNet Financial Inc now owns 1,346 shares of the company’s stock worth $106,000 after acquiring an additional 616 shares during the last quarter. Aprio Wealth Management LLC raised its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 9.6% during the 4th quarter. Aprio Wealth Management LLC now owns 196,021 shares of the company’s stock worth $15,380,000 after acquiring an additional 17,151 shares during the period. Finally, HBW Advisory Services LLC purchased a new position in shares of First Trust NASDAQ Technology Dividend Index Fund during the 4th quarter worth $549,000.

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.