First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Sees Large Increase in Short Interest

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) was the recipient of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 73,300 shares, an increase of 155.4% from the February 28th total of 28,700 shares. Based on an average daily volume of 120,500 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.2% of the company’s shares are short sold.

Institutional Investors Weigh In On First Trust NASDAQ Technology Dividend Index Fund

Several large investors have recently modified their holdings of the business. Millstone Evans Group LLC acquired a new position in shares of First Trust NASDAQ Technology Dividend Index Fund in the 4th quarter valued at approximately $28,000. Transce3nd LLC acquired a new position in shares of First Trust NASDAQ Technology Dividend Index Fund in the fourth quarter valued at approximately $36,000. Raleigh Capital Management Inc. boosted its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 100.8% in the fourth quarter. Raleigh Capital Management Inc. now owns 514 shares of the company’s stock valued at $40,000 after buying an additional 258 shares during the period. Bernard Wealth Management Corp. bought a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund during the fourth quarter worth $41,000. Finally, ORG Partners LLC acquired a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund during the fourth quarter worth $47,000.

First Trust NASDAQ Technology Dividend Index Fund Stock Down 1.1 %

Shares of NASDAQ TDIV opened at $75.11 on Friday. First Trust NASDAQ Technology Dividend Index Fund has a twelve month low of $65.07 and a twelve month high of $84.17. The stock has a market cap of $2.74 billion, a price-to-earnings ratio of 26.07 and a beta of 1.00. The company’s fifty day moving average is $79.52 and its 200-day moving average is $79.64.

First Trust NASDAQ Technology Dividend Index Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 27th will be paid a dividend of $0.2703 per share. This represents a $1.08 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend is Thursday, March 27th. This is an increase from First Trust NASDAQ Technology Dividend Index Fund’s previous quarterly dividend of $0.25.

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.