First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV - Get Free Report) saw a significant drop in short interest in October. As of October 15th, there was short interest totalling 70,800 shares, a drop of 42.2% from the September 30th total of 122,500 shares. Based on an average trading volume of 102,100 shares, the short-interest ratio is presently 0.7 days.
First Trust NASDAQ Technology Dividend Index Fund Price Performance
NASDAQ TDIV traded down $0.02 on Friday, hitting $80.03. The stock had a trading volume of 107,658 shares, compared to its average volume of 96,455. The business's fifty day moving average price is $78.67 and its 200 day moving average price is $75.05. The stock has a market cap of $2.90 billion, a price-to-earnings ratio of 26.61 and a beta of 1.00. First Trust NASDAQ Technology Dividend Index Fund has a 52-week low of $53.85 and a 52-week high of $82.43.
First Trust NASDAQ Technology Dividend Index Fund Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a dividend of $0.2456 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.98 annualized dividend and a yield of 1.23%.
Institutional Investors Weigh In On First Trust NASDAQ Technology Dividend Index Fund
Several institutional investors have recently added to or reduced their stakes in the business. Fifth Third Bancorp raised its stake in First Trust NASDAQ Technology Dividend Index Fund by 138.9% in the 2nd quarter. Fifth Third Bancorp now owns 454 shares of the company's stock worth $34,000 after acquiring an additional 264 shares during the last quarter. 1620 Investment Advisors Inc. purchased a new position in shares of First Trust NASDAQ Technology Dividend Index Fund in the second quarter worth about $47,000. Centaurus Financial Inc. acquired a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund during the second quarter worth about $107,000. International Assets Investment Management LLC purchased a new stake in First Trust NASDAQ Technology Dividend Index Fund in the second quarter valued at approximately $143,000. Finally, Claro Advisors LLC acquired a new position in First Trust NASDAQ Technology Dividend Index Fund in the 3rd quarter worth approximately $147,000.
First Trust NASDAQ Technology Dividend Index Fund Company Profile
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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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