Short Interest in First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Increases By 21.3%

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) saw a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 99,100 shares, a growth of 21.3% from the May 31st total of 81,700 shares. Based on an average daily volume of 87,100 shares, the days-to-cover ratio is currently 1.1 days.

First Trust NASDAQ Technology Dividend Index Fund Trading Up 0.5 %

Shares of TDIV stock opened at $75.66 on Monday. First Trust NASDAQ Technology Dividend Index Fund has a 12-month low of $53.85 and a 12-month high of $78.06. The firm’s 50 day moving average is $72.14 and its 200 day moving average is $68.62. The stock has a market capitalization of $2.61 billion, a P/E ratio of 26.61 and a beta of 1.00.

First Trust NASDAQ Technology Dividend Index Fund Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were given a $0.3664 dividend. The ex-dividend date was Thursday, June 27th. This represents a $1.47 annualized dividend and a yield of 1.94%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Bright Futures Wealth Management LLC. bought a new position in First Trust NASDAQ Technology Dividend Index Fund in the first quarter worth approximately $1,890,000. Pathway Financial Advisers LLC bought a new position in First Trust NASDAQ Technology Dividend Index Fund in the first quarter worth approximately $403,000. Cetera Advisors LLC raised its position in First Trust NASDAQ Technology Dividend Index Fund by 646.1% in the first quarter. Cetera Advisors LLC now owns 326,597 shares of the company’s stock worth $22,754,000 after acquiring an additional 282,825 shares during the period. Cetera Investment Advisers raised its position in First Trust NASDAQ Technology Dividend Index Fund by 31.5% in the first quarter. Cetera Investment Advisers now owns 438,300 shares of the company’s stock worth $30,536,000 after acquiring an additional 104,896 shares during the period. Finally, Atria Investments Inc raised its position in First Trust NASDAQ Technology Dividend Index Fund by 8.3% in the first quarter. Atria Investments Inc now owns 31,864 shares of the company’s stock worth $2,220,000 after acquiring an additional 2,432 shares during the period.

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.