First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Short Interest Down 58.4% in June

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) was the recipient of a significant drop in short interest in the month of June. As of June 30th, there was short interest totalling 41,200 shares, a drop of 58.4% from the June 15th total of 99,100 shares. Based on an average daily volume of 81,800 shares, the days-to-cover ratio is currently 0.5 days.

First Trust NASDAQ Technology Dividend Index Fund Stock Up 0.9 %

TDIV stock traded up $0.74 during midday trading on Friday, reaching $78.69. The stock had a trading volume of 77,830 shares, compared to its average volume of 92,228. The business has a fifty day simple moving average of $74.26 and a two-hundred day simple moving average of $69.55. The firm has a market cap of $2.75 billion, a price-to-earnings ratio of 26.61 and a beta of 1.00. First Trust NASDAQ Technology Dividend Index Fund has a twelve month low of $53.85 and a twelve month high of $79.36.

First Trust NASDAQ Technology Dividend Index Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were given a $0.3664 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $1.47 dividend on an annualized basis and a yield of 1.86%.

Institutional Trading of First Trust NASDAQ Technology Dividend Index Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its holdings in First Trust NASDAQ Technology Dividend Index Fund by 7.6% during the fourth quarter. Wells Fargo & Company MN now owns 1,404,952 shares of the company’s stock worth $90,043,000 after buying an additional 99,811 shares during the last quarter. UBS Group AG boosted its holdings in First Trust NASDAQ Technology Dividend Index Fund by 28.8% during the fourth quarter. UBS Group AG now owns 1,082,866 shares of the company’s stock worth $69,401,000 after buying an additional 242,111 shares during the last quarter. Cetera Investment Advisers boosted its holdings in First Trust NASDAQ Technology Dividend Index Fund by 31.5% during the first quarter. Cetera Investment Advisers now owns 438,300 shares of the company’s stock worth $30,536,000 after buying an additional 104,896 shares during the last quarter. Raymond James & Associates boosted its holdings in First Trust NASDAQ Technology Dividend Index Fund by 0.3% during the first quarter. Raymond James & Associates now owns 367,031 shares of the company’s stock worth $25,571,000 after buying an additional 1,033 shares during the last quarter. Finally, Cetera Advisors LLC boosted its holdings in First Trust NASDAQ Technology Dividend Index Fund by 646.1% during the first quarter. Cetera Advisors LLC now owns 326,597 shares of the company’s stock worth $22,754,000 after buying an additional 282,825 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.