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

The First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) has experienced a notable surge in short interest as of December 31st. This rise marked a 45.7% increase in short interest, totaling 121,100 shares which is up from 83,100 shares reported on December 15th. With an average trading volume of 97,900 shares, the current short-interest ratio stands at 1.2 days.

Price Performance of First Trust NASDAQ Technology Dividend Index Fund

In midday trading on Thursday, shares of the First Trust NASDAQ Technology Dividend Index Fund increased by $0.01, reaching a price of $79.64. During this time, the trading volume measured 113,120 shares compared to the average volume of 125,935 shares. Over the past year, the stock has seen a low of $62.48 and a high of $82.43. The fund has a market capitalization of $2.89 billion, carries a P/E ratio of 26.61, and has a beta of 1.00. The 50-day simple moving average for the stock is $79.87, while its 200-day simple moving average is $78.43.

Dividend Announcement from First Trust NASDAQ Technology Dividend Index Fund

Additionally, the fund recently announced a dividend payment that took place on Tuesday, December 31st. Shareholders who were on record as of Friday, December 13th, received a dividend of $0.446. The ex-dividend date was also set for Friday, December 13th.

Institutional Investors and Hedge Fund Activity

Recent activities among hedge funds and institutional investors indicate changes in their holdings related to the First Trust NASDAQ Technology Dividend Index Fund. TrueWealth Advisors LLC expanded its position by 7.5% in the fourth quarter, now holding 9,120 shares valued at $716,000 after acquiring an additional 633 shares. Meanwhile, Park Avenue Securities LLC saw a substantial increase of 114.6%, holding 45,604 shares valued at $3,578,000 after purchasing an extra 24,355 shares in the same quarter. AdvisorNet Financial Inc also raised its stake by 84.4%, now holding 1,346 shares worth $106,000 after an acquisition of 616 shares. Aprio Wealth Management LLC increased its holdings by 9.6%, owning 196,021 shares valued at $15,380,000 subsequent to acquiring 17,151 shares during this period. Lastly, HBW Advisory Services LLC entered the market with a new position worth $549,000.

Overview of First Trust NASDAQ Technology Dividend Index Fund

The First Trust NASDAQ Technology Dividend Index Fund (TDIV) is an exchange-traded fund that follows the NASDAQ Technology Dividend index. This fund aims to track a modified dividend-weighted index consisting of US-listed technology companies known for distributing regular dividends. TDIV was launched on August 14, 2012, and is managed by First Trust.

Investing Considerations

As potential investors consider whether to invest in the First Trust NASDAQ Technology Dividend Index Fund, it is wise to look at broader market trends and consult financial analysts. Although the fund currently has a "Hold" rating, analysts have identified other stocks that might present more promising opportunities. Investors should weigh their options carefully.

investment, ETFs, dividend