Short Interest in First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Drops By 74.5%

by · The Cerbat Gem

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV – Get Free Report) was the target of a large drop in short interest in the month of September. As of September 15th, there was short interest totalling 24,200 shares, a drop of 74.5% from the August 31st total of 95,000 shares. Based on an average daily volume of 105,000 shares, the short-interest ratio is currently 0.2 days.

First Trust NASDAQ Technology Dividend Index Fund Price Performance

Shares of NASDAQ:TDIV traded down $0.73 during trading hours on Friday, hitting $80.34. The company’s stock had a trading volume of 152,503 shares, compared to its average volume of 97,214. The firm’s fifty day moving average price is $76.16 and its 200 day moving average price is $73.40. First Trust NASDAQ Technology Dividend Index Fund has a 52 week low of $53.85 and a 52 week high of $81.18. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of 26.61 and a beta of 1.00.

First Trust NASDAQ Technology Dividend Index Fund Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Thursday, September 26th will be issued a dividend of $0.2456 per share. The ex-dividend date is Thursday, September 26th. This represents a $0.98 dividend on an annualized basis and a yield of 1.22%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in TDIV. Ballew Advisors Inc boosted its stake in First Trust NASDAQ Technology Dividend Index Fund by 4.1% in the first quarter. Ballew Advisors Inc now owns 33,482 shares of the company’s stock valued at $2,299,000 after acquiring an additional 1,333 shares in the last quarter. Aprio Wealth Management LLC increased its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 0.8% in the first quarter. Aprio Wealth Management LLC now owns 185,051 shares of the company’s stock valued at $12,892,000 after purchasing an additional 1,542 shares during the period. EP Wealth Advisors LLC lifted its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 76.4% during the fourth quarter. EP Wealth Advisors LLC now owns 7,177 shares of the company’s stock worth $460,000 after purchasing an additional 3,109 shares during the period. Destiny Wealth Partners LLC acquired a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund during the first quarter worth about $222,000. Finally, Creekmur Asset Management LLC purchased a new stake in First Trust NASDAQ Technology Dividend Index Fund in the fourth quarter valued at approximately $68,000.

About First Trust NASDAQ Technology Dividend Index Fund

(Get Free Report)

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.

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