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 large drop in short interest in the month of January. As of January 15th, there was short interest totalling 105,400 shares, a drop of 13.0% from the December 31st total of 121,100 shares. Based on an average daily volume of 107,100 shares, the short-interest ratio is currently 1.0 days.

First Trust NASDAQ Technology Dividend Index Fund Stock Down 0.1 %

Shares of NASDAQ TDIV traded down $0.11 during midday trading on Friday, reaching $80.75. 165,380 shares of the company’s stock traded hands, compared to its average volume of 145,169. The company has a market cap of $2.94 billion, a price-to-earnings ratio of 26.61 and a beta of 1.00. The stock’s 50 day simple moving average is $80.10 and its 200-day simple moving average is $78.69. First Trust NASDAQ Technology Dividend Index Fund has a one year low of $65.07 and a one year high of $83.57.

First Trust NASDAQ Technology Dividend Index Fund Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a $0.446 dividend. The ex-dividend date of this dividend was Friday, December 13th.

Institutional Trading of First Trust NASDAQ Technology Dividend Index Fund

Hedge funds have recently modified their holdings of the company. Raleigh Capital Management Inc. raised its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 100.8% during the 4th quarter. Raleigh Capital Management Inc. now owns 514 shares of the company’s stock worth $40,000 after acquiring an additional 258 shares in the last quarter. ORG Partners LLC acquired a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund in the 4th quarter worth $47,000. Venturi Wealth Management LLC purchased a new position in First Trust NASDAQ Technology Dividend Index Fund during the 3rd quarter worth $57,000. Darwin Wealth Management LLC acquired a new position in First Trust NASDAQ Technology Dividend Index Fund during the 3rd quarter valued at about $60,000. Finally, GAMMA Investing LLC raised its stake in First Trust NASDAQ Technology Dividend Index Fund by 42.9% in the fourth quarter. GAMMA Investing LLC now owns 1,230 shares of the company’s stock valued at $97,000 after buying an additional 369 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.