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 in the month of March. As of March 15th, there was short interest totalling 73,300 shares, a growth of 155.4% from the February 28th total of 28,700 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 120,500 shares, the short-interest ratio is presently 0.6 days.

First Trust NASDAQ Technology Dividend Index Fund Stock Down 1.4 %

TDIV opened at $75.97 on Thursday. The stock has a market cap of $2.77 billion, a price-to-earnings ratio of 26.07 and a beta of 1.00. First Trust NASDAQ Technology Dividend Index Fund has a 12-month low of $65.07 and a 12-month high of $84.17. The business has a 50 day moving average of $79.61 and a 200-day moving average of $79.68.

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

Hedge funds have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC raised its position in shares of First Trust NASDAQ Technology Dividend Index Fund by 22.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 39,875 shares of the company’s stock valued at $3,129,000 after purchasing an additional 7,288 shares during the period. Centaurus Financial Inc. grew its stake in First Trust NASDAQ Technology Dividend Index Fund by 80.4% in the 4th quarter. Centaurus Financial Inc. now owns 2,516 shares of the company’s stock valued at $197,000 after buying an additional 1,121 shares during the last quarter. Bernard Wealth Management Corp. bought a new position in First Trust NASDAQ Technology Dividend Index Fund in the 4th quarter valued at about $41,000. Armis Advisers LLC acquired a new stake in First Trust NASDAQ Technology Dividend Index Fund during the fourth quarter worth approximately $322,000. Finally, United Advisor Group LLC boosted its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 10.9% during the fourth quarter. United Advisor Group LLC now owns 4,373 shares of the company’s stock worth $343,000 after acquiring an additional 430 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.