Short Interest in First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Decreases By 43.8%

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV – Get Free Report) saw a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 50,884 shares, a drop of 43.8% from the May 14th total of 90,611 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 120,690 shares, the days-to-cover ratio is currently 0.4 days.

First Trust NASDAQ Technology Dividend Index Fund Trading Up 1.0%

TDIV traded up $1.12 on Friday, hitting $116.95. 100,609 shares of the company’s stock traded hands, compared to its average volume of 123,880. The company’s 50 day simple moving average is $109.99 and its 200-day simple moving average is $101.97. The firm has a market cap of $4.43 billion, a price-to-earnings ratio of 25.63 and a beta of 1.15. First Trust NASDAQ Technology Dividend Index Fund has a one year low of $85.58 and a one year high of $128.50.

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First Trust NASDAQ Technology Dividend Index Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a dividend of $0.3153 per share. This represents a $1.26 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, March 26th.

Institutional Trading of First Trust NASDAQ Technology Dividend Index Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Parallel Advisors LLC raised its stake in First Trust NASDAQ Technology Dividend Index Fund by 5,532.0% during the 1st quarter. Parallel Advisors LLC now owns 5,632 shares of the company’s stock valued at $527,000 after purchasing an additional 5,532 shares during the period. NewEdge Advisors LLC raised its stake in First Trust NASDAQ Technology Dividend Index Fund by 32.3% during the 1st quarter. NewEdge Advisors LLC now owns 397,640 shares of the company’s stock valued at $37,243,000 after purchasing an additional 97,148 shares during the period. Bank of America Corp DE raised its stake in First Trust NASDAQ Technology Dividend Index Fund by 7.6% during the 1st quarter. Bank of America Corp DE now owns 1,485,495 shares of the company’s stock valued at $139,131,000 after purchasing an additional 104,853 shares during the period. Centaurus Financial Inc. raised its stake in First Trust NASDAQ Technology Dividend Index Fund by 22.3% during the 1st quarter. Centaurus Financial Inc. now owns 3,112 shares of the company’s stock valued at $291,000 after purchasing an additional 567 shares during the period. Finally, Arkadios Wealth Advisors increased its stake in First Trust NASDAQ Technology Dividend Index Fund by 7.4% in the 1st quarter. Arkadios Wealth Advisors now owns 10,463 shares of the company’s stock worth $980,000 after acquiring an additional 723 shares during the last quarter.

About First Trust NASDAQ Technology Dividend Index Fund

(Get Free Report)

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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