First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Sees Large Increase in Short Interest

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV - Get Free Report) saw a significant growth in short interest in March. As of March 15th, there was short interest totalling 73,300 shares, a growth of 155.4% from the February 28th total of 28,700 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 120,500 shares, the short-interest ratio is currently 0.6 days.

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

A number of institutional investors have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC lifted its holdings in First Trust NASDAQ Technology Dividend Index Fund by 22.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 39,875 shares of the company's stock valued at $3,129,000 after purchasing an additional 7,288 shares in the last quarter. Centaurus Financial Inc. lifted its stake in First Trust NASDAQ Technology Dividend Index Fund by 80.4% in the 4th quarter. Centaurus Financial Inc. now owns 2,516 shares of the company's stock valued at $197,000 after buying an additional 1,121 shares in the last quarter. Bernard Wealth Management Corp. acquired a new stake in First Trust NASDAQ Technology Dividend Index Fund in the 4th quarter worth about $41,000. Armis Advisers LLC purchased a new stake in First Trust NASDAQ Technology Dividend Index Fund during the 4th quarter worth approximately $322,000. Finally, United Advisor Group LLC raised its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 10.9% during the fourth quarter. United Advisor Group LLC now owns 4,373 shares of the company's stock valued at $343,000 after acquiring an additional 430 shares during the last quarter.

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First Trust NASDAQ Technology Dividend Index Fund Stock Down 2.3 %

Shares of NASDAQ:TDIV traded down $1.72 during trading on Friday, reaching $73.39. 210,805 shares of the company's stock traded hands, compared to its average volume of 124,337. The firm has a market cap of $2.66 billion, a PE ratio of 25.24 and a beta of 1.00. First Trust NASDAQ Technology Dividend Index Fund has a fifty-two week low of $65.07 and a fifty-two week high of $84.17. The company has a 50-day simple moving average of $79.37 and a 200-day simple moving average of $79.68.

First Trust NASDAQ Technology Dividend Index Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 27th will be given a $0.2703 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This is a boost from First Trust NASDAQ Technology Dividend Index Fund's previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.47%.

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.