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

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 171,518 shares, a growth of 237.1% from the May 31st total of 50,884 shares. Based on an average daily volume of 128,620 shares, the short-interest ratio is currently 1.3 days. Approximately 0.5% of the company’s stock are sold short.

First Trust NASDAQ Technology Dividend Index Fund Stock Down 1.5%

Shares of TDIV opened at $112.11 on Friday. The stock has a market cap of $4.25 billion, a P/E ratio of 25.63 and a beta of 1.15. The business’s 50 day moving average price is $113.80 and its 200-day moving average price is $103.27. First Trust NASDAQ Technology Dividend Index Fund has a 52 week low of $88.58 and a 52 week high of $128.50.

First Trust NASDAQ Technology Dividend Index Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th will be paid a dividend of $0.4231 per share. The ex-dividend date is Thursday, June 25th. This is a positive change from First Trust NASDAQ Technology Dividend Index Fund’s previous quarterly dividend of $0.32. This represents a $1.69 dividend on an annualized basis and a yield of 1.5%.

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

Institutional investors have recently modified their holdings of the stock. Sound Income Strategies LLC grew its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 177.9% during the fourth quarter. Sound Income Strategies LLC now owns 2,365 shares of the company’s stock valued at $235,000 after buying an additional 1,514 shares during the last quarter. Jackson Wealth Management LLC raised its holdings in First Trust NASDAQ Technology Dividend Index Fund by 5.8% in the 4th quarter. Jackson Wealth Management LLC now owns 27,616 shares of the company’s stock worth $2,674,000 after acquiring an additional 1,502 shares during the last quarter. SOA Wealth Advisors LLC. lifted its position in First Trust NASDAQ Technology Dividend Index Fund by 32.8% in the 4th quarter. SOA Wealth Advisors LLC. now owns 116,742 shares of the company’s stock valued at $117,000 after acquiring an additional 28,836 shares in the last quarter. Genesee Capital Advisors LLC lifted its position in First Trust NASDAQ Technology Dividend Index Fund by 15.3% in the 4th quarter. Genesee Capital Advisors LLC now owns 5,244 shares of the company’s stock valued at $508,000 after acquiring an additional 694 shares in the last quarter. Finally, Paller Financial Services Inc purchased a new stake in First Trust NASDAQ Technology Dividend Index Fund during the 4th quarter valued at $3,022,000.

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.