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

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) was the target of a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 22,300 shares, a decline of 82.5% from the March 31st total of 127,400 shares. Based on an average daily volume of 96,400 shares, the short-interest ratio is currently 0.2 days.

First Trust NASDAQ Technology Dividend Index Fund Stock Up 1.0 %

TDIV stock traded up $0.67 during midday trading on Friday, hitting $67.58. The company’s stock had a trading volume of 53,381 shares, compared to its average volume of 99,252. The stock’s 50-day moving average price is $68.47 and its 200 day moving average price is $63.96. First Trust NASDAQ Technology Dividend Index Fund has a 1 year low of $51.37 and a 1 year high of $71.17. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of 26.83 and a beta of 1.00.

First Trust NASDAQ Technology Dividend Index Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were given a $0.1907 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.76 annualized dividend and a yield of 1.13%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TDIV. Avior Wealth Management LLC boosted its position in First Trust NASDAQ Technology Dividend Index Fund by 4.7% in the third quarter. Avior Wealth Management LLC now owns 6,205 shares of the company’s stock worth $348,000 after purchasing an additional 279 shares during the last quarter. Simplicity Solutions LLC bought a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund in the third quarter valued at $218,000. TFG Advisers LLC raised its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 4.6% in the third quarter. TFG Advisers LLC now owns 11,956 shares of the company’s stock valued at $671,000 after buying an additional 530 shares during the period. Walkner Condon Financial Advisors LLC raised its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 24.8% during the 3rd quarter. Walkner Condon Financial Advisors LLC now owns 6,295 shares of the company’s stock valued at $353,000 after purchasing an additional 1,250 shares during the period. Finally, Commonwealth Equity Services LLC raised its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 2.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 247,232 shares of the company’s stock valued at $13,867,000 after purchasing an additional 5,518 shares during the period.

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.