First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Shares Shorted: Short Interest Down 57.0% in September

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) was the recipient of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 56,979 shares, a decrease of 57.0% from the August 31st total of 132,604 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 220,547 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On First Trust NASDAQ Technology Dividend Index Fund

Large investors have recently modified their holdings of the stock. Arax Advisory Partners bought a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund in the 4th quarter valued at about $2,437,000. Biondo Investment Advisors LLC increased its position in First Trust NASDAQ Technology Dividend Index Fund by 0.7% during the fourth quarter. Biondo Investment Advisors LLC now owns 24,367 shares of the company’s stock worth $2,360,000 after buying an additional 160 shares during the last quarter. Asset Allocation Strategies LLC increased its position in First Trust NASDAQ Technology Dividend Index Fund by 86.8% during the fourth quarter. Asset Allocation Strategies LLC now owns 7,600 shares of the company’s stock worth $736,000 after buying an additional 3,532 shares during the last quarter. Concorde Asset Management LLC raised its stake in First Trust NASDAQ Technology Dividend Index Fund by 2.7% in the fourth quarter. Concorde Asset Management LLC now owns 55,832 shares of the company’s stock valued at $5,407,000 after buying an additional 1,467 shares during the period. Finally, Omnitrust Wealth Management Inc bought a new stake in First Trust NASDAQ Technology Dividend Index Fund in the fourth quarter valued at approximately $271,000.

First Trust NASDAQ Technology Dividend Index Fund Price Performance

Shares of TDIV traded up $0.51 on Tuesday, hitting $113.00. The company’s stock had a trading volume of 47,873 shares, compared to its average volume of 136,008. The company has a market capitalization of $4.44 billion, a PE ratio of 25.63 and a beta of 1.17. First Trust NASDAQ Technology Dividend Index Fund has a fifty-two week low of $90.24 and a fifty-two week high of $128.50. The company has a 50 day moving average price of $113.96 and a 200 day moving average price of $110.29.

First Trust NASDAQ Technology Dividend Index Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th will be issued a dividend of $0.3497 per share. The ex-dividend date of this dividend is Thursday, September 24th. This represents a $1.40 dividend on an annualized basis and a yield of 1.2%. This is a decrease from First Trust NASDAQ Technology Dividend Index Fund’s previous quarterly dividend of $0.4231.

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.