First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Sees Significant Decrease in Short Interest

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) was the target of a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 26,300 shares, a decrease of 24.2% from the January 31st total of 34,700 shares. Based on an average daily trading volume, of 104,800 shares, the days-to-cover ratio is presently 0.3 days.

First Trust NASDAQ Technology Dividend Index Fund Trading Up 1.5 %

Shares of TDIV stock opened at $78.40 on Thursday. 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 capitalization of $2.86 billion, a price-to-earnings ratio of 28.00 and a beta of 1.00. The stock has a fifty day simple moving average of $80.51 and a two-hundred day simple moving average of $79.71.

First Trust NASDAQ Technology Dividend Index Fund Dividend Announcement

The company also recently announced 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 was Friday, December 13th.

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

Several hedge funds have recently made changes to their positions in the company. Bernard Wealth Management Corp. purchased a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund in the 4th quarter worth $41,000. Armis Advisers LLC purchased a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund in the 4th quarter worth $322,000. United Advisor Group LLC lifted its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 10.9% during the 4th quarter. United Advisor Group LLC now owns 4,373 shares of the company’s stock worth $343,000 after purchasing an additional 430 shares during the last quarter. Richmond Investment Services LLC purchased a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund during the 4th quarter worth $425,000. Finally, Snowden Capital Advisors LLC lifted its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 16.5% during the 4th quarter. Snowden Capital Advisors LLC now owns 52,128 shares of the company’s stock worth $4,090,000 after purchasing an additional 7,372 shares during the last quarter.

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.