First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Short Interest Down 43.8% in May

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) saw a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 50,884 shares, a decline of 43.8% from the May 14th total of 90,611 shares. Based on an average trading volume of 120,690 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC acquired a new position in shares of First Trust NASDAQ Technology Dividend Index Fund during the 4th quarter valued at $27,000. Ameriflex Group Inc. acquired a new position in shares of First Trust NASDAQ Technology Dividend Index Fund during the 3rd quarter valued at $30,000. Root Financial Partners LLC acquired a new position in First Trust NASDAQ Technology Dividend Index Fund during the first quarter worth $33,000. Torren Management LLC bought a new position in shares of First Trust NASDAQ Technology Dividend Index Fund in the first quarter valued at $37,000. Finally, Smartleaf Asset Management LLC lifted its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 97.1% in the third quarter. Smartleaf Asset Management LLC now owns 469 shares of the company’s stock valued at $46,000 after buying an additional 231 shares in the last quarter.

First Trust NASDAQ Technology Dividend Index Fund Price Performance

Shares of First Trust NASDAQ Technology Dividend Index Fund stock traded up $2.30 during trading on Monday, reaching $119.25. 109,233 shares of the company traded hands, compared to its average volume of 123,750. First Trust NASDAQ Technology Dividend Index Fund has a 1-year low of $85.58 and a 1-year high of $128.50. The company has a 50 day moving average price of $110.49 and a 200-day moving average price of $102.19. The firm has a market capitalization of $4.52 billion, a PE ratio of 25.63 and a beta of 1.15.

First Trust NASDAQ Technology Dividend Index Fund Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a dividend of $0.3153 per share. This represents a $1.26 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Thursday, March 26th.

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.