First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Short Interest Update

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 95,000 shares, a growth of 78.9% from the August 15th total of 53,100 shares. Based on an average daily volume of 101,800 shares, the days-to-cover ratio is currently 0.9 days.

First Trust NASDAQ Technology Dividend Index Fund Stock Up 1.2 %

NASDAQ:TDIV traded up $0.95 on Friday, hitting $78.18. The stock had a trading volume of 59,981 shares, compared to its average volume of 95,968. The stock has a market cap of $2.75 billion, a price-to-earnings ratio of 26.61 and a beta of 1.00. The company has a fifty day moving average price of $76.00 and a two-hundred day moving average price of $72.77. First Trust NASDAQ Technology Dividend Index Fund has a 1-year low of $53.85 and a 1-year high of $79.67.

First Trust NASDAQ Technology Dividend Index Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were given a $0.3664 dividend. This represents a $1.47 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date of this dividend was Thursday, June 27th.

Institutional Investors Weigh In On First Trust NASDAQ Technology Dividend Index Fund

A number of large investors have recently modified their holdings of the company. LPL Financial LLC increased its position in shares of First Trust NASDAQ Technology Dividend Index Fund by 0.6% in the 2nd quarter. LPL Financial LLC now owns 2,122,068 shares of the company’s stock valued at $160,556,000 after purchasing an additional 11,661 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of First Trust NASDAQ Technology Dividend Index Fund by 7.6% in the 4th quarter. Wells Fargo & Company MN now owns 1,404,952 shares of the company’s stock valued at $90,043,000 after purchasing an additional 99,811 shares during the last quarter. UBS Group AG grew its position in shares of First Trust NASDAQ Technology Dividend Index Fund by 28.8% in the 4th quarter. UBS Group AG now owns 1,082,866 shares of the company’s stock valued at $69,401,000 after buying an additional 242,111 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of First Trust NASDAQ Technology Dividend Index Fund by 1.1% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 929,899 shares of the company’s stock valued at $70,356,000 after buying an additional 10,227 shares during the last quarter. Finally, Cetera Investment Advisers grew its position in shares of First Trust NASDAQ Technology Dividend Index Fund by 31.5% in the 1st quarter. Cetera Investment Advisers now owns 438,300 shares of the company’s stock valued at $30,536,000 after buying an additional 104,896 shares during the last quarter.

About First Trust NASDAQ Technology Dividend Index Fund

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.