First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Short Interest Update

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV - Get Free Report) saw a large increase in short interest in May. As of May 15th, there was short interest totalling 222,500 shares, an increase of 63.1% from the April 30th total of 136,400 shares. Approximately 0.6% of the company's stock are short sold. Based on an average daily volume of 150,600 shares, the short-interest ratio is currently 1.5 days.

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

Large investors have recently added to or reduced their stakes in the company. Millstone Evans Group LLC bought a new stake in First Trust NASDAQ Technology Dividend Index Fund during the fourth quarter valued at $28,000. Transce3nd LLC acquired a new position in shares of First Trust NASDAQ Technology Dividend Index Fund in the 4th quarter valued at about $36,000. Arlington Trust Co LLC acquired a new position in shares of First Trust NASDAQ Technology Dividend Index Fund in the 1st quarter valued at about $37,000. Bernard Wealth Management Corp. bought a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund during the 4th quarter valued at about $41,000. Finally, Sound Income Strategies LLC raised its stake in First Trust NASDAQ Technology Dividend Index Fund by 16,820.0% during the first quarter. Sound Income Strategies LLC now owns 846 shares of the company's stock worth $62,000 after acquiring an additional 841 shares during the period.

First Trust NASDAQ Technology Dividend Index Fund Trading Up 1.3%

NASDAQ TDIV traded up $1.07 on Tuesday, hitting $83.03. 104,477 shares of the stock traded hands, compared to its average volume of 136,594. The stock has a 50-day moving average of $74.54 and a 200 day moving average of $77.88. First Trust NASDAQ Technology Dividend Index Fund has a twelve month low of $62.54 and a twelve month high of $84.17. The company has a market capitalization of $3.02 billion, a P/E ratio of 25.15 and a beta of 1.00.

First Trust NASDAQ Technology Dividend Index Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were given a dividend of $0.2703 per share. This is a positive change from First Trust NASDAQ Technology Dividend Index Fund's previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 1.30%. The ex-dividend date was Thursday, March 27th.

First Trust NASDAQ Technology Dividend Index Fund Company Profile

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.