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

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 121,100 shares, an increase of 45.7% from the December 15th total of 83,100 shares. Based on an average daily trading volume, of 97,900 shares, the days-to-cover ratio is currently 1.2 days.

First Trust NASDAQ Technology Dividend Index Fund Price Performance

Shares of TDIV stock traded up $0.01 during mid-day trading on Thursday, hitting $79.64. The stock had a trading volume of 118,091 shares, compared to its average volume of 127,629. The firm has a market cap of $2.89 billion, a PE ratio of 26.61 and a beta of 1.00. The company’s 50-day simple moving average is $79.87 and its 200-day simple moving average is $78.43. First Trust NASDAQ Technology Dividend Index Fund has a fifty-two week low of $62.48 and a fifty-two week high of $82.43.

First Trust NASDAQ Technology Dividend Index Fund Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a $0.446 dividend. The ex-dividend date was Friday, December 13th.

Hedge Funds Weigh In On First Trust NASDAQ Technology Dividend Index Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pure Financial Advisors LLC acquired a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund in the 4th quarter valued at approximately $442,000. Koshinski Asset Management Inc. grew its holdings in First Trust NASDAQ Technology Dividend Index Fund by 3.3% during the fourth quarter. Koshinski Asset Management Inc. now owns 18,918 shares of the company’s stock worth $1,484,000 after acquiring an additional 602 shares during the period. TrueWealth Advisors LLC raised its position in First Trust NASDAQ Technology Dividend Index Fund by 7.5% in the fourth quarter. TrueWealth Advisors LLC now owns 9,120 shares of the company’s stock worth $716,000 after acquiring an additional 633 shares in the last quarter. Park Avenue Securities LLC lifted its holdings in First Trust NASDAQ Technology Dividend Index Fund by 114.6% in the fourth quarter. Park Avenue Securities LLC now owns 45,604 shares of the company’s stock valued at $3,578,000 after acquiring an additional 24,355 shares during the period. Finally, AdvisorNet Financial Inc boosted its position in shares of First Trust NASDAQ Technology Dividend Index Fund by 84.4% during the 4th quarter. AdvisorNet Financial Inc now owns 1,346 shares of the company’s stock worth $106,000 after purchasing an additional 616 shares in the last quarter.

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.