First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) Short Rate Up 25.3% in October

The First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV – Get Rating) was the recipient of a sharp rise in short-term interest rates in October. As of October 31, there was short interest totaling 11,400 shares, an increase of 25.3% from the October 15 total of 9,100 shares. Based on an average daily volume of 114,300 shares, the short interest ratio is currently 0.1 days.

Hedge funds weight the First Trust NASDAQ Technology Dividend Index Fund

A number of major investors have recently changed their holdings in TDIV. Raleigh Capital Management Inc. acquired a new position in shares of the First Trust NASDAQ Technology Dividend Index Fund valued at around $31,000 during the first quarter. Citigroup Inc. increased its holdings in First Trust NASDAQ Technology Dividend Index Fund shares by 40.0% during the first quarter. Citigroup Inc. now owns 882 shares of the company’s stock valued at $52,000 after purchasing an additional 252 shares last quarter. Whittier Trust Co. acquired a new position in shares of First Trust NASDAQ Technology Dividend Index Fund worth about $54,000 during the third quarter. Archer Investment Corp acquired a new stake in the First Trust NASDAQ Technology Dividend Index Fund valued at approximately $56,000 during the first quarter. Finally, during the second quarter, Private Trust Co. NA acquired a new stake in the First Trust NASDAQ Technology Dividend Index Fund valued at approximately $67,000.

Price history of the First Trust NASDAQ Technology Dividend Index Fund

TDIV shares rose $0.86 during trading hours on Friday to hit $50.02. 108,208 shares of the stock were exchanged compared to an average volume of 135,823. The company’s 50-day moving average is $46.46 and its 200-day moving average is $50.61. The First Trust NASDAQ Technology Dividend Index Fund has a 12-month low of $41.61 and a 12-month high of $64.24.

First Trust NASDAQ Technology Dividend Index Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. A dividend of $0.269 per share was paid to shareholders of record on Monday, September 26th. The ex-dividend date was Friday September 23rd. That equates to a dividend of $1.08 on an annualized basis and a dividend yield of 2.15%.

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