First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Short Interest Down 74.4% in March

Key Points

• Short interest down 74.4% — as of March 31 short interest totaled 26,253 shares, down from 102,541 on March 15, representing about 0.1% of shares and a short-interest ratio of 0.3 days.
• Quarterly dividend of $0.3153 was declared and paid on March 31 (ex-dividend March 26), equal to an annualized $1.26 and a yield of 1.3%.
• Trading and size: TDIV opened at $96.62, has a 12‑month range of $66.70–$103.15, a market cap of $3.66 billion, and a P/E of 25.63.

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV - ) saw a large decline in short interest in March. As of March 31st, there was short interest totaling 26,253 shares, a decline of 74.4% from the March 15th total of 102,541 shares. Based on an average daily volume of 93,800 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Kingswood Wealth Advisors LLC lifted its holdings in First Trust NASDAQ Technology Dividend Index Fund by 0.7% in the 3rd quarter. Kingswood Wealth Advisors LLC now owns 15,115 shares of the company's stock worth $1,490,000 after purchasing an additional 109 shares in the last quarter. United Advisor Group LLC lifted its holdings in First Trust NASDAQ Technology Dividend Index Fund by 2.3% in the 4th quarter. United Advisor Group LLC now owns 5,206 shares of the company's stock worth $504,000 after purchasing an additional 119 shares in the last quarter. Great Valley Advisor Group Inc. lifted its holdings in First Trust NASDAQ Technology Dividend Index Fund by 1.0% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 12,361 shares of the company's stock worth $1,115,000 after purchasing an additional 119 shares in the last quarter. Cornerstone Wealth Management LLC raised its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 0.9% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 13,412 shares of the company's stock worth $1,322,000 after acquiring an additional 124 shares in the last quarter. Finally, Aptus Capital Advisors LLC raised its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 3.0% during the 4th quarter. Aptus Capital Advisors LLC now owns 4,320 shares of the company's stock worth $418,000 after acquiring an additional 126 shares in the last quarter.

First Trust NASDAQ Technology Dividend Index Fund Trading Down 0.1%

NASDAQ TDIV opened at $96.62 on Friday. The stock's 50 day moving average is $96.78 and its 200 day moving average is $97.86. First Trust NASDAQ Technology Dividend Index Fund has a 12 month low of $66.70 and a 12 month high of $103.15. The stock has a market cap of $3.66 billion, a PE ratio of 25.63 and a beta of 1.08.

First Trust NASDAQ Technology Dividend Index Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a $0.3153 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $1.26 dividend on an annualized basis and a yield of 1.3%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.