First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Sees Significant Decrease in Short Interest

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) saw a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 65,400 shares, a decline of 55.6% from the September 30th total of 147,200 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 107,400 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily volume of 107,400 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.2% of the company’s shares are sold short.

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

Several institutional investors have recently bought and sold shares of TDIV. LPL Financial LLC increased its stake in First Trust NASDAQ Technology Dividend Index Fund by 5.3% during the first quarter. LPL Financial LLC now owns 2,366,613 shares of the company’s stock worth $174,206,000 after purchasing an additional 119,189 shares during the period. Raymond James Financial Inc. boosted its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 17.1% in the second quarter. Raymond James Financial Inc. now owns 1,386,401 shares of the company’s stock valued at $125,012,000 after purchasing an additional 202,281 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 36.6% in the second quarter. Envestnet Asset Management Inc. now owns 853,225 shares of the company’s stock valued at $76,935,000 after purchasing an additional 228,524 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 5.6% in the first quarter. Royal Bank of Canada now owns 486,637 shares of the company’s stock valued at $35,822,000 after purchasing an additional 25,912 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in First Trust NASDAQ Technology Dividend Index Fund by 3.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 449,859 shares of the company’s stock worth $40,570,000 after buying an additional 15,139 shares during the period.

First Trust NASDAQ Technology Dividend Index Fund Stock Down 1.3%

TDIV opened at $101.02 on Friday. First Trust NASDAQ Technology Dividend Index Fund has a 52 week low of $62.54 and a 52 week high of $103.15. The business has a fifty day simple moving average of $97.61 and a 200-day simple moving average of $89.11. The firm has a market cap of $3.84 billion, a P/E ratio of 25.63 and a beta of 1.09.

First Trust NASDAQ Technology Dividend Index Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were issued a dividend of $0.2762 per share. This represents a $1.10 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Thursday, September 25th.

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.