First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Short Interest Down 67.1% in January

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV - Get Free Report) was the target of a significant drop in short interest in January. As of January 31st, there was short interest totalling 34,700 shares, a drop of 67.1% from the January 15th total of 105,400 shares. Based on an average daily trading volume, of 109,100 shares, the days-to-cover ratio is currently 0.3 days.

First Trust NASDAQ Technology Dividend Index Fund Stock Up 0.0 %

Shares of NASDAQ TDIV traded up $0.02 during midday trading on Friday, hitting $82.34. 61,229 shares of the company's stock were exchanged, compared to its average volume of 124,698. First Trust NASDAQ Technology Dividend Index Fund has a 12 month low of $65.07 and a 12 month high of $83.57. The company's 50 day moving average price is $80.28 and its 200 day moving average price is $79.07. The firm has a market capitalization of $3.00 billion, a PE ratio of 26.61 and a beta of 1.00.

First Trust NASDAQ Technology Dividend Index Fund Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a $0.446 dividend. The ex-dividend date of this dividend was Friday, December 13th.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Millstone Evans Group LLC bought a new position in shares of First Trust NASDAQ Technology Dividend Index Fund in the fourth quarter valued at approximately $28,000. Transce3nd LLC bought a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund in the fourth quarter worth about $36,000. Raleigh Capital Management Inc. boosted its position in First Trust NASDAQ Technology Dividend Index Fund by 100.8% during the 4th quarter. Raleigh Capital Management Inc. now owns 514 shares of the company's stock valued at $40,000 after acquiring an additional 258 shares in the last quarter. ORG Partners LLC purchased a new position in shares of First Trust NASDAQ Technology Dividend Index Fund during the fourth quarter valued at approximately $47,000. Finally, Venturi Wealth Management LLC purchased a new position in First Trust NASDAQ Technology Dividend Index Fund in the 3rd quarter worth approximately $57,000.

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.