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

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) was the target of a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 83,100 shares, a growth of 81.4% from the November 30th total of 45,800 shares. Based on an average trading volume of 95,700 shares, the days-to-cover ratio is currently 0.9 days.

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

A number of institutional investors and hedge funds have recently made changes to their positions in TDIV. Main Street Financial Solutions LLC increased its stake in First Trust NASDAQ Technology Dividend Index Fund by 7.5% in the second quarter. Main Street Financial Solutions LLC now owns 42,830 shares of the company’s stock valued at $3,241,000 after purchasing an additional 2,987 shares during the last quarter. Private Advisor Group LLC grew its position in shares of First Trust NASDAQ Technology Dividend Index Fund by 2.3% in the 2nd quarter. Private Advisor Group LLC now owns 56,217 shares of the company’s stock valued at $4,253,000 after buying an additional 1,287 shares during the last quarter. Gentry Private Wealth LLC acquired a new stake in First Trust NASDAQ Technology Dividend Index Fund during the 2nd quarter worth $688,000. N.E.W. Advisory Services LLC purchased a new stake in First Trust NASDAQ Technology Dividend Index Fund in the second quarter valued at $656,000. Finally, Pursue Wealth Partners LLC boosted its stake in First Trust NASDAQ Technology Dividend Index Fund by 4.9% in the second quarter. Pursue Wealth Partners LLC now owns 75,084 shares of the company’s stock valued at $5,681,000 after acquiring an additional 3,522 shares in the last quarter.

First Trust NASDAQ Technology Dividend Index Fund Trading Down 0.9 %

NASDAQ:TDIV traded down $0.75 during midday trading on Friday, reaching $79.98. The company had a trading volume of 52,295 shares, compared to its average volume of 95,733. First Trust NASDAQ Technology Dividend Index Fund has a 12-month low of $61.77 and a 12-month high of $82.43. The firm has a market capitalization of $2.90 billion, a price-to-earnings ratio of 26.61 and a beta of 1.00. The stock’s fifty day simple moving average is $80.06 and its 200-day simple moving average is $78.16.

First Trust NASDAQ Technology Dividend Index Fund Announces Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.446 dividend. The ex-dividend date is Friday, December 13th.

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.