Short Interest in First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Declines By 62.8%

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) was the recipient of a significant decline in short interest in January. As of January 15th, there was short interest totaling 42,263 shares, a decline of 62.8% from the December 31st total of 113,679 shares. Based on an average daily volume of 128,823 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 128,823 shares, the days-to-cover ratio is currently 0.3 days.

First Trust NASDAQ Technology Dividend Index Fund Stock Performance

Shares of TDIV stock opened at $99.44 on Wednesday. First Trust NASDAQ Technology Dividend Index Fund has a fifty-two week low of $62.54 and a fifty-two week high of $103.15. The stock’s fifty day moving average is $97.83 and its two-hundred day moving average is $96.42. The firm has a market capitalization of $3.82 billion, a P/E ratio of 25.63 and a beta of 1.09.

First Trust NASDAQ Technology Dividend Index Fund Increases Dividend

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

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TDIV. Raymond James Financial Inc. raised its holdings in First Trust NASDAQ Technology Dividend Index Fund by 17.1% in the second quarter. Raymond James Financial Inc. now owns 1,386,401 shares of the company’s stock valued at $125,012,000 after acquiring an additional 202,281 shares in the last quarter. Mainstay Capital Management LLC ADV lifted its stake in First Trust NASDAQ Technology Dividend Index Fund by 10.2% in the fourth quarter. Mainstay Capital Management LLC ADV now owns 1,059,649 shares of the company’s stock valued at $102,616,000 after buying an additional 97,726 shares during the last quarter. Envestnet Asset Management Inc. raised its position in First Trust NASDAQ Technology Dividend Index Fund by 36.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 853,225 shares of the company’s stock valued at $76,935,000 after purchasing an additional 228,524 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 3.5% during the second quarter. Ameriprise Financial Inc. now owns 449,859 shares of the company’s stock worth $40,570,000 after buying an additional 15,139 shares during the period. Finally, Cetera Investment Advisers boosted its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 1.0% during the second quarter. Cetera Investment Advisers now owns 429,579 shares of the company’s stock worth $38,735,000 after buying an additional 4,362 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.