First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Short Interest Down 67.1% in January

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) was the target of a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 34,700 shares, a drop of 67.1% from the January 15th total of 105,400 shares. Based on an average trading volume of 109,100 shares, the short-interest ratio is currently 0.3 days.

First Trust NASDAQ Technology Dividend Index Fund Trading Down 0.4 %

Shares of TDIV stock traded down $0.33 during mid-day trading on Wednesday, reaching $81.34. The stock had a trading volume of 36,851 shares, compared to its average volume of 127,738. First Trust NASDAQ Technology Dividend Index Fund has a 52-week low of $65.07 and a 52-week high of $83.57. The firm has a market capitalization of $2.97 billion, a PE ratio of 26.61 and a beta of 1.00. The stock’s 50-day moving average price is $80.24 and its two-hundred day moving average price is $78.95.

First Trust NASDAQ Technology Dividend Index Fund Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.446 per share. 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 bought and sold shares of the business. BlueChip Wealth Advisors LLC raised its position in shares of First Trust NASDAQ Technology Dividend Index Fund by 11.4% in the 4th quarter. BlueChip Wealth Advisors LLC now owns 40,576 shares of the company’s stock worth $3,184,000 after purchasing an additional 4,163 shares during the last quarter. Level Four Advisory Services LLC lifted its position in shares of First Trust NASDAQ Technology Dividend Index Fund by 7.3% during the 4th quarter. Level Four Advisory Services LLC now owns 4,689 shares of the company’s stock valued at $368,000 after buying an additional 321 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 12.4% in the fourth quarter. JPMorgan Chase & Co. now owns 43,830 shares of the company’s stock worth $3,439,000 after purchasing an additional 4,852 shares in the last quarter. Morey & Quinn Wealth Partners LLC bought a new position in First Trust NASDAQ Technology Dividend Index Fund in the 4th quarter worth approximately $2,455,000. Finally, PKS Advisory Services LLC bought a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund during the fourth quarter valued at approximately $591,000.

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.