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

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) was the target of a significant decrease in short interest in February. As of February 15th, there was short interest totalling 26,300 shares, a decrease of 24.2% from the January 31st total of 34,700 shares. Based on an average daily trading volume, of 104,800 shares, the days-to-cover ratio is currently 0.3 days.

First Trust NASDAQ Technology Dividend Index Fund Price Performance

Shares of TDIV opened at $78.40 on Thursday. The firm has a market cap of $2.86 billion, a P/E ratio of 28.00 and a beta of 1.00. The stock has a 50 day simple moving average of $80.51 and a two-hundred day simple moving average of $79.71. First Trust NASDAQ Technology Dividend Index Fund has a 1 year low of $65.07 and a 1 year high of $84.17.

First Trust NASDAQ Technology Dividend Index Fund Announces Dividend

The company 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

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Bernard Wealth Management Corp. bought a new stake in First Trust NASDAQ Technology Dividend Index Fund in the fourth quarter valued at approximately $41,000. Armis Advisers LLC bought a new stake in First Trust NASDAQ Technology Dividend Index Fund in the fourth quarter valued at approximately $322,000. United Advisor Group LLC lifted its position in First Trust NASDAQ Technology Dividend Index Fund by 10.9% in the fourth quarter. United Advisor Group LLC now owns 4,373 shares of the company’s stock valued at $343,000 after purchasing an additional 430 shares during the last quarter. Richmond Investment Services LLC bought a new stake in First Trust NASDAQ Technology Dividend Index Fund in the fourth quarter valued at approximately $425,000. Finally, Snowden Capital Advisors LLC lifted its position in First Trust NASDAQ Technology Dividend Index Fund by 16.5% in the fourth quarter. Snowden Capital Advisors LLC now owns 52,128 shares of the company’s stock valued at $4,090,000 after purchasing an additional 7,372 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.