The First Trust Nasdaq Technology Dividend Index Fund (NASDAQ: TDIV – Rated ) was the recipient of a sharp drop in short interest in December. As of December 30, short interests totaled 9,300 shares, a decrease of 58.8% from 22,600 shares on December 15. Based on average volume of 124,200 shares, the short interest rate is currently 0.1 days.
First Trust Nasdaq Technology Dividend Index Fund Price Performance
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Shares of the First Trust Nasdaq Technology Dividend Index Fund opened at $50.93 on Wednesday. The First Trust Nasdaq Technology Dividend Index Fund had a twelve-month low of $41.61 and a twelve-month high of $62.45. The company’s 50-day moving average is $49.44 and its 200-day moving average is $49.32.
First Trust Nasdaq Tech Dividend Index Fund Increases Dividend
The company also recently declared a quarterly dividend, which is paid on Friday, December 30. Shareholders of record on Tuesday, December 27 received a dividend of $0.418 per share. That’s up from the First Trust Nasdaq Technology Dividend Index Fund’s previous quarterly dividend of $0.27. This translates to an annualized dividend of $1.67 and a dividend yield of 3.28%. The ex-dividend date for this dividend is Friday, December 23rd.
Institutional inflows and outflows
Many institutional investors and hedge funds have recently adjusted their stock holdings. Larson Financial Group LLC increased its holdings in the First Trust Nasdaq Technology Dividend Index Fund by 0.9 percent in the second quarter. Larson Financial Group LLC now owns 21,432 shares of the company worth $1,075,000 after purchasing an additional 198 shares during that period. Platform Technology Partners increased its stake in the First Trust NASDAQ Technology Dividend Index Fund by 2.5 percent in the second quarter. Platform Technology Partners now owns 8,366 shares of the company, worth $420,000, after purchasing an additional 206 shares during the period. Clearwater Capital Advisors LLC increased its holdings in the First Trust Nasdaq Technology Dividend Index Fund by 0.5% during the second quarter. Clearwater Capital Advisors LLC now owns 46,336 shares of the company worth $2,325,000 after purchasing an additional 213 shares during that period. Prospera Financial Services Inc increased its holdings in the First Trust Nasdaq Technology Dividend Index Fund by 3.6 percent in the third quarter. Prospera Financial Services Inc now owns 6,622 shares of the company, worth $290,000, after purchasing an additional 232 shares during the period. Finally, Citigroup. Increased holdings of First Trust Nasdaq Technology Dividend Index Fund by 40.0% in the first quarter. Citigroup now owns 882 shares of the company worth $52,000 after buying an additional 252 shares last quarter.
further reading
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