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

Key Points

• Short interest in the First Trust NASDAQ Technology Dividend Index Fund (TDIV) surged by 141.6% in August, reaching a total of 73,700 shares compared to 30,500 shares at the end of July.
• The fund recently increased its quarterly dividend to $0.3191 per share, up from the previous $0.27, resulting in an annual yield of 1.4%.
• Several institutional investors have significantly increased their stakes in TDIV, with LPL Financial LLC and Raymond James Financial Inc. raising their holdings by 5.3% and 17.1%, respectively.

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV - Get Free Report) was the target of a significant growth in short interest during the month of August. As of August 15th, there was short interest totaling 73,700 shares, agrowthof141.6% from the July 31st total of 30,500 shares. Based on an average trading volume of 106,700 shares, the short-interest ratio is currently 0.7 days. Based on an average trading volume of 106,700 shares, the short-interest ratio is currently 0.7 days.

First Trust NASDAQ Technology Dividend Index Fund Stock Performance

Shares of First Trust NASDAQ Technology Dividend Index Fund stock traded up $0.38 during trading on Monday, reaching $93.75. The company's stock had a trading volume of 40,670 shares, compared to its average volume of 125,260. The firm has a market cap of $3.45 billion, a price-to-earnings ratio of 25.63 and a beta of 1.00. The business's fifty day moving average price is $91.61 and its 200-day moving average price is $82.58. First Trust NASDAQ Technology Dividend Index Fund has a one year low of $62.54 and a one year high of $94.01.

First Trust NASDAQ Technology Dividend Index Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were paid a dividend of $0.3191 per share. The ex-dividend date of this dividend was Thursday, June 26th. This is an increase from First Trust NASDAQ Technology Dividend Index Fund's previous quarterly dividend of $0.27. This represents a $1.28 annualized dividend and a dividend yield of 1.4%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in TDIV. Osaic Holdings Inc. lifted its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 4.6% in the 2nd quarter. Osaic Holdings Inc. now owns 360,819 shares of the company's stock worth $32,400,000 after acquiring an additional 15,775 shares during the last quarter. Evolution Wealth Management Inc. acquired a new position in shares of First Trust NASDAQ Technology Dividend Index Fund during the 2nd quarter worth approximately $68,000. Thrivent Financial for Lutherans purchased a new position in First Trust NASDAQ Technology Dividend Index Fund during the 2nd quarter valued at about $665,000. Advisory Services Network LLC grew its stake in shares of First Trust NASDAQ Technology Dividend Index Fund by 10.7% in the 2nd quarter. Advisory Services Network LLC now owns 6,480 shares of the company's stock valued at $586,000 after purchasing an additional 626 shares during the last quarter. Finally, Asset Dedication LLC raised its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 84.6% in the second quarter. Asset Dedication LLC now owns 1,477 shares of the company's stock worth $133,000 after acquiring an additional 677 shares during the last quarter.

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.