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

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV - Get Free Report) was the recipient of a significant decline in short interest during the month of February. As of February 15th, there was short interest totalling 26,300 shares, a decline of 24.2% from the January 31st total of 34,700 shares. Based on an average trading volume of 104,800 shares, the days-to-cover ratio is presently 0.3 days.

First Trust NASDAQ Technology Dividend Index Fund Price Performance

Shares of TDIV stock traded up $0.90 during trading on Friday, reaching $77.59. The company had a trading volume of 60,273 shares, compared to its average volume of 119,675. The firm's 50 day simple moving average is $80.39 and its two-hundred day simple moving average is $79.68. First Trust NASDAQ Technology Dividend Index Fund has a one year low of $65.07 and a one year high of $84.17. The company has a market capitalization of $2.83 billion, a PE ratio of 28.00 and a beta of 1.00.

First Trust NASDAQ Technology Dividend Index Fund Dividend Announcement

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

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

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bernard Wealth Management Corp. acquired a new position in First Trust NASDAQ Technology Dividend Index Fund in the 4th quarter valued at approximately $41,000. Armis Advisers LLC bought a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund during the fourth quarter valued at approximately $322,000. United Advisor Group LLC raised its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 10.9% in the fourth quarter. United Advisor Group LLC now owns 4,373 shares of the company's stock valued at $343,000 after purchasing an additional 430 shares in the last quarter. Richmond Investment Services LLC bought a new position in First Trust NASDAQ Technology Dividend Index Fund in the fourth quarter worth $425,000. Finally, Snowden Capital Advisors LLC boosted its stake in First Trust NASDAQ Technology Dividend Index Fund by 16.5% during the fourth quarter. Snowden Capital Advisors LLC now owns 52,128 shares of the company's stock worth $4,090,000 after buying an additional 7,372 shares in the last quarter.

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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.