First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV – Get Free Report) was the recipient of a large drop in short interest in September. As of September 30th, there was short interest totaling 36,209 shares, a drop of 36.5% from the September 15th total of 56,979 shares. Based on an average daily volume of 155,884 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.
First Trust NASDAQ Technology Dividend Index Fund Stock Performance
First Trust NASDAQ Technology Dividend Index Fund stock opened at $113.51 on Friday. The firm has a market capitalization of $4.43 billion, a price-to-earnings ratio of 25.63 and a beta of 1.18. 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 stock’s fifty day moving average is $114.99 and its two-hundred day moving average is $112.07.
First Trust NASDAQ Technology Dividend Index Fund Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were issued a dividend of $0.3497 per share. This is a decrease from First Trust NASDAQ Technology Dividend Index Fund’s previous quarterly dividend of $0.4231. The ex-dividend date was Thursday, September 24th. This represents a $1.40 annualized dividend and a yield of 1.2%.
Institutional Trading of First Trust NASDAQ Technology Dividend Index Fund
Large investors have recently modified their holdings of the business. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund during the third quarter worth about $58,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its stake in First Trust NASDAQ Technology Dividend Index Fund by 5.7% in the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 5,060 shares of the company’s stock worth $571,000 after acquiring an additional 271 shares during the period. Sax Wealth Advisors LLC grew its stake in First Trust NASDAQ Technology Dividend Index Fund by 31.1% in the 3rd quarter. Sax Wealth Advisors LLC now owns 5,920 shares of the company’s stock worth $668,000 after acquiring an additional 1,405 shares during the period. First Heartland Consultants Inc. purchased a new stake in First Trust NASDAQ Technology Dividend Index Fund in the 3rd quarter worth approximately $346,000. Finally, Farther Finance Advisors LLC raised its holdings in First Trust NASDAQ Technology Dividend Index Fund by 8.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 12,605 shares of the company’s stock valued at $1,422,000 after acquiring an additional 975 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.
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