First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Stock Short Interest Falls 36.5%

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) was the target of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 36,209 shares, a decrease of 36.5% from the September 15th total of 56,979 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 155,884 shares, the short-interest ratio is currently 0.2 days.

First Trust NASDAQ Technology Dividend Index Fund Stock Performance

Shares of First Trust NASDAQ Technology Dividend Index Fund stock opened at $111.46 on Friday. The stock has a market capitalization of $4.35 billion, a PE ratio of 25.63 and a beta of 1.18. First Trust NASDAQ Technology Dividend Index Fund has a 52 week low of $90.24 and a 52 week high of $128.50. The stock has a 50 day moving average price of $114.88 and a two-hundred day moving average price of $112.06.

First Trust NASDAQ Technology Dividend Index Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were issued a $0.3497 dividend. The ex-dividend date was Thursday, September 24th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.3%. This is a decrease from First Trust NASDAQ Technology Dividend Index Fund’s previous quarterly dividend of $0.4231.

Institutional Trading of First Trust NASDAQ Technology Dividend Index Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of TDIV. Platform Technology Partners boosted its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 5.5% in the 1st quarter. Platform Technology Partners now owns 3,017 shares of the company’s stock worth $283,000 after buying an additional 156 shares during the last quarter. Root Financial Partners LLC bought a new position in shares of First Trust NASDAQ Technology Dividend Index Fund in the first quarter valued at approximately $33,000. Formidable Asset Management LLC purchased a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund during the first quarter valued at approximately $336,000. Private Wealth Group LLC increased its position in shares of First Trust NASDAQ Technology Dividend Index Fund by 4.2% during the first quarter. Private Wealth Group LLC now owns 98,281 shares of the company’s stock valued at $9,205,000 after acquiring an additional 3,999 shares during the last quarter. Finally, Asset Allocation Strategies LLC increased its position in shares of First Trust NASDAQ Technology Dividend Index Fund by 8.7% during the first quarter. Asset Allocation Strategies LLC now owns 8,263 shares of the company’s stock valued at $774,000 after acquiring an additional 663 shares during the last quarter.

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.