First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Short Interest Down 74.5% in September

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) was the target of a large decrease in short interest during the month of September. As of September 15th, there was short interest totalling 24,200 shares, a decrease of 74.5% from the August 31st total of 95,000 shares. Based on an average daily trading volume, of 105,000 shares, the short-interest ratio is presently 0.2 days.

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

A number of hedge funds have recently added to or reduced their stakes in the stock. Fifth Third Bancorp grew its position in shares of First Trust NASDAQ Technology Dividend Index Fund by 138.9% during the second 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. acquired a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund in the second quarter valued at approximately $47,000. Creekmur Asset Management LLC bought a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund during the fourth quarter valued at approximately $68,000. Centaurus Financial Inc. bought a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund during the second quarter valued at approximately $107,000. Finally, International Assets Investment Management LLC acquired a new position in shares of First Trust NASDAQ Technology Dividend Index Fund during the second quarter worth approximately $143,000.

First Trust NASDAQ Technology Dividend Index Fund Stock Down 0.9 %

Shares of NASDAQ:TDIV traded down $0.73 during trading on Friday, hitting $80.34. 152,503 shares of the company traded hands, compared to its average volume of 97,214. The business’s fifty day moving average is $76.16 and its 200-day moving average is $73.40. The stock has a market capitalization of $2.82 billion, a price-to-earnings ratio of 26.61 and a beta of 1.00. First Trust NASDAQ Technology Dividend Index Fund has a one year low of $53.85 and a one year high of $81.18.

First Trust NASDAQ Technology Dividend Index Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Thursday, September 26th will be paid a dividend of $0.2456 per share. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $0.98 dividend on an annualized basis and a yield of 1.22%.

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.