First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Short Interest Up 45.7% in December

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) was the target of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 121,100 shares, a growth 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 presently 1.2 days.

Institutional Trading of First Trust NASDAQ Technology Dividend Index Fund

Several institutional investors and hedge funds have recently made changes to their positions in TDIV. Pure Financial Advisors LLC purchased a new position in First Trust NASDAQ Technology Dividend Index Fund during the 4th quarter worth approximately $442,000. Koshinski Asset Management Inc. raised its position in First Trust NASDAQ Technology Dividend Index Fund by 3.3% in the 4th quarter. Koshinski Asset Management Inc. now owns 18,918 shares of the company’s stock valued at $1,484,000 after purchasing an additional 602 shares during the last quarter. TrueWealth Advisors LLC boosted its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 7.5% during the fourth quarter. TrueWealth Advisors LLC now owns 9,120 shares of the company’s stock worth $716,000 after buying an additional 633 shares during the period. Park Avenue Securities LLC raised its stake in First Trust NASDAQ Technology Dividend Index Fund by 114.6% during the 4th 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 last quarter. Finally, AdvisorNet Financial Inc lifted its position in 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 acquiring an additional 616 shares during the period.

First Trust NASDAQ Technology Dividend Index Fund Trading Up 0.0 %

Shares of NASDAQ TDIV traded up $0.01 during mid-day trading on Thursday, reaching $79.64. The company had a trading volume of 118,091 shares, compared to its average volume of 127,629. The firm has a 50 day simple moving average of $79.87 and a two-hundred day simple moving average of $78.43. First Trust NASDAQ Technology Dividend Index Fund has a 52-week low of $62.48 and a 52-week high of $82.43. The stock has a market cap of $2.89 billion, a P/E ratio of 26.61 and a beta of 1.00.

First Trust NASDAQ Technology Dividend Index Fund Dividend Announcement

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

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.