First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Short Interest Down 89.4% in March

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV - Get Free Report) was the target of a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 11,300 shares, a drop of 89.4% from the March 15th total of 106,500 shares. Based on an average daily volume of 3,201,600 shares, the days-to-cover ratio is presently 0.0 days.

First Trust NASDAQ Technology Dividend Index Fund Price Performance

Shares of TDIV stock traded down $1.16 during trading on Wednesday, reaching $68.67. The company's stock had a trading volume of 83,912 shares, compared to its average volume of 101,221. First Trust NASDAQ Technology Dividend Index Fund has a 1-year low of $51.25 and a 1-year high of $71.17. The stock's 50-day moving average price is $68.27 and its 200 day moving average price is $63.13. The company has a market capitalization of $2.37 billion, a price-to-earnings ratio of 14.60 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 Thursday, March 28th. Shareholders of record on Friday, March 22nd were paid a $0.1907 dividend. The ex-dividend date was Thursday, March 21st. This represents a $0.76 annualized dividend and a dividend yield of 1.11%.

Institutional Trading of First Trust NASDAQ Technology Dividend Index Fund

Large investors have recently modified their holdings of the stock. Sunbelt Securities Inc. purchased a new stake in First Trust NASDAQ Technology Dividend Index Fund during the 1st quarter worth about $32,000. Citigroup Inc. grew its position in shares of First Trust NASDAQ Technology Dividend Index Fund by 40.0% during the first quarter. Citigroup Inc. now owns 882 shares of the company's stock worth $52,000 after buying an additional 252 shares in the last quarter. GAMMA Investing LLC purchased a new stake in shares of First Trust NASDAQ Technology Dividend Index Fund during the fourth quarter worth approximately $57,000. Creekmur Asset Management LLC acquired a new stake in First Trust NASDAQ Technology Dividend Index Fund in the fourth quarter valued at approximately $68,000. Finally, Money Concepts Capital Corp raised its holdings in First Trust NASDAQ Technology Dividend Index Fund by 134.2% in the fourth quarter. Money Concepts Capital Corp now owns 1,773 shares of the company's stock valued at $85,000 after acquiring an additional 1,016 shares in 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.