First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Short Interest Up 90.2% in January

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) was the target of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 80,388 shares, a growth of 90.2% from the January 15th total of 42,263 shares. Based on an average daily volume of 180,517 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the company’s stock are short sold. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 180,517 shares, the days-to-cover ratio is currently 0.4 days.

First Trust NASDAQ Technology Dividend Index Fund Trading Up 1.0%

NASDAQ TDIV opened at $99.53 on Friday. First Trust NASDAQ Technology Dividend Index Fund has a 12 month low of $62.54 and a 12 month high of $103.15. The stock has a 50 day moving average of $98.51 and a 200-day moving average of $97.01. The company has a market cap of $3.81 billion, a PE ratio of 25.63 and a beta of 1.09.

First Trust NASDAQ Technology Dividend Index Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were given a $0.4949 dividend. This is a boost from First Trust NASDAQ Technology Dividend Index Fund’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Friday, December 12th. This represents a $1.98 dividend on an annualized basis and a dividend yield of 2.0%.

Institutional Trading of First Trust NASDAQ Technology Dividend Index Fund

Hedge funds have recently made changes to their positions in the business. Kingswood Wealth Advisors LLC grew its position in shares of First Trust NASDAQ Technology Dividend Index Fund by 0.7% in the third quarter. Kingswood Wealth Advisors LLC now owns 15,115 shares of the company’s stock valued at $1,490,000 after purchasing an additional 109 shares during the last quarter. United Advisor Group LLC increased its position in First Trust NASDAQ Technology Dividend Index Fund by 2.3% during the 4th quarter. United Advisor Group LLC now owns 5,206 shares of the company’s stock worth $504,000 after buying an additional 119 shares during the period. Great Valley Advisor Group Inc. lifted its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 1.0% during the second quarter. Great Valley Advisor Group Inc. now owns 12,361 shares of the company’s stock worth $1,115,000 after buying an additional 119 shares in the last quarter. Cornerstone Wealth Management LLC lifted its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 0.9% during the third quarter. Cornerstone Wealth Management LLC now owns 13,412 shares of the company’s stock worth $1,322,000 after buying an additional 124 shares in the last quarter. Finally, Centaurus Financial Inc. boosted its position in shares of First Trust NASDAQ Technology Dividend Index Fund by 5.6% in the third quarter. Centaurus Financial Inc. now owns 2,658 shares of the company’s stock valued at $262,000 after acquiring an additional 140 shares during the period.

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.