First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Short Interest Update

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) was the target of a significant decline in short interest in February. As of February 15th, there was short interest totalling 26,300 shares, a decline of 24.2% from the January 31st total of 34,700 shares. Based on an average daily trading volume, of 104,800 shares, the days-to-cover ratio is currently 0.3 days.

First Trust NASDAQ Technology Dividend Index Fund Stock Down 2.1 %

NASDAQ:TDIV opened at $77.60 on Tuesday. First Trust NASDAQ Technology Dividend Index Fund has a twelve month low of $65.07 and a twelve month high of $84.17. The stock has a market cap of $2.83 billion, a P/E ratio of 28.00 and a beta of 1.00. The business’s 50-day moving average price is $80.62 and its two-hundred day moving average price is $79.70.

First Trust NASDAQ Technology Dividend Index Fund Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a dividend of $0.446 per share. The ex-dividend date of this dividend was Friday, December 13th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. LPL Financial LLC raised its position in First Trust NASDAQ Technology Dividend Index Fund by 6.7% in the 3rd quarter. LPL Financial LLC now owns 2,264,110 shares of the company’s stock worth $181,808,000 after purchasing an additional 142,042 shares during the period. Bank of America Corp DE increased its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 16.0% in the fourth quarter. Bank of America Corp DE now owns 1,378,342 shares of the company’s stock worth $108,145,000 after buying an additional 190,519 shares during the period. Raymond James Financial Inc. bought a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund in the 4th quarter valued at about $96,385,000. Envestnet Asset Management Inc. lifted its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 13.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 585,370 shares of the company’s stock valued at $45,928,000 after acquiring an additional 70,739 shares during the last quarter. Finally, Royal Bank of Canada grew its position in First Trust NASDAQ Technology Dividend Index Fund by 4.8% during the 4th quarter. Royal Bank of Canada now owns 460,725 shares of the company’s stock worth $36,148,000 after acquiring an additional 20,989 shares during the last quarter.

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.