Short Interest in First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Increases By 21.3%

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) was the target of a large growth in short interest in June. As of June 15th, there was short interest totalling 99,100 shares, a growth of 21.3% from the May 31st total of 81,700 shares. Based on an average trading volume of 87,100 shares, the days-to-cover ratio is presently 1.1 days.

First Trust NASDAQ Technology Dividend Index Fund Stock Performance

NASDAQ:TDIV opened at $75.66 on Monday. The stock’s fifty day moving average price is $72.14 and its two-hundred day moving average price is $68.62. First Trust NASDAQ Technology Dividend Index Fund has a 52-week low of $53.85 and a 52-week high of $78.06. The company has a market cap of $2.61 billion, a price-to-earnings ratio of 26.61 and a beta of 1.00.

First Trust NASDAQ Technology Dividend Index Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were issued a dividend of $0.3664 per share. This represents a $1.47 annualized dividend and a yield of 1.94%. The ex-dividend date was Thursday, June 27th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. GAMMA Investing LLC acquired a new position in shares of First Trust NASDAQ Technology Dividend Index Fund in the 4th quarter valued at $57,000. Creekmur Asset Management LLC acquired a new position in shares of First Trust NASDAQ Technology Dividend Index Fund in the 4th quarter valued at $68,000. Principal Securities Inc. acquired a new position in shares of First Trust NASDAQ Technology Dividend Index Fund in the 4th quarter valued at $92,000. Hazlett Burt & Watson Inc. lifted its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 35.7% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 2,752 shares of the company’s stock valued at $191,000 after purchasing an additional 724 shares during the period. Finally, Owen LaRue LLC bought a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund in the 1st quarter valued at $203,000.

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.