First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV – Get Rating ) was the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totaling 59,700 shares, an increase of 160.7% from March 31st’s total of 22,900 shares. Based on an average daily volume of 125,800 shares, the days-to-cover ratio is currently 0.5 days.
First Trust NASDAQ Technology Dividend Index Fund Price Performance
Shares of TDIV stock traded up $0.60 during mid-day trading on Friday, reaching $52.95. The stock had a trading volume of 113,369 shares, compared to its average volume of 121,335. First Trust NASDAQ Technology Dividend Index Fund has a fifty-two week low of $41.61 and a fifty-two week high of $56.74. The firm has a market cap of $1.75 billion, a PE ratio of 14.60 and a beta of 1.00. The company’s 50-day simple moving average is $52.90, and its 200-day simple moving average is $51.94.
First Trust NASDAQ Technology Dividend Index Fund is cutting its dividend
The company also recently announced a quarterly dividend, which was paid on Friday, March 31st. Shareholders of record on Monday, March 27th were given a $0.178 dividend. This represents a $0.71 annual dividend and a dividend yield of 1.34%. The ex-dividend date was Friday, March 24th.
Hedge funds weigh First Trust NASDAQ Technology Dividend Index Fund
A number of large investors have recently made changes to their positions in TDIV. JPMorgan Chase & Co. boosted its holdings in shares of First Trust NASDAQ Technology Dividend Index Fund by 3.3% in the first quarter. JPMorgan Chase & Co. now owns 121,519 shares of the company’s stock valued at $7,162,000 after purchasing an additional 3,896 shares during the last quarter. Citigroup Inc. boosted its holdings in First Trust NASDAQ Technology Dividend Index Fund by 40.0% in the first quarter. Citigroup Inc. now owns 882 shares of the company’s stock valued at $52,000 after acquiring an additional 252 shares during the last quarter. Equitable Holdings Inc. boosted its holdings in First Trust NASDAQ Technology Dividend Index Fund by 45.3% in the first quarter. Equitable Holdings Inc. now owns 29,246 shares of the company’s stock valued at $1,724,000 after acquiring an additional 9,115 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in First Trust NASDAQ Technology Dividend Index Fund by 20.0% in the first quarter. Renaissance Technologies LLC now owns 5,400 shares of the company’s stock valued at $318,000 after acquiring an additional 900 shares in the last quarter. Finally, UBS Group AG boosted its holdings in First Trust NASDAQ Technology Dividend Index Fund by 8.1% in the first quarter. UBS Group AG now owns 801,117 shares of the company’s stock valued at $47,217,000 after acquiring an additional 60,002 shares during the last quarter.
About First Trust NASDAQ Technology Dividend Index Fund
(Get Rating)
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 August 14, 2012 and is managed by First Trust.
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