First Trust NASDAQ Technology Dividend Index Fund (NASDAQ: TDIV) Brief interest rate update

First Trust NASDAQ Technology Dividend Index Fund (NASDAQ: TDIV – Get Rating) was the recipient of a large decline in short interest rates in June. As of June 15, there was a short interest amounting to a total of 23,700 shares, down 71.2% from a total of 82,400 shares on May 31. Based on an average daily trading volume of 140,400 shares, the short interest rate ratio is currently 0.2 days.

Institutional investors have recently added or reduced their stakes in the company. Raleigh Capital Management Inc. bought a new position in shares of First Trust NASDAQ Technology Dividend Index Fund in the first quarter worth about $ 31,000. Qube Research & Technologies Ltd bought a new position in shares of First Trust NASDAQ Technology Dividend Index Fund in the 4th quarter worth about $ 35,000. Confluence Wealth Services Inc. bought a new position in the shares of First Trust NASDAQ Technology Dividend Index Fund in the 4th quarter worth about $ 42,000. Citigroup Inc. increased its shares in shares of First Trust NASDAQ Technology Dividend Index Fund by 40.0% in the 1st quarter. Citigroup Inc. already owns 882 shares of the company’s shares worth $ 52,000 after purchasing an additional 252 shares during the period. Finally, Accel Wealth Management increased its stake in First Trust NASDAQ Technology Dividend Index Fund by 52.4% in the 4th quarter. Accel Wealth Management already owns 974 shares of the company’s stock worth $ 61,000 after buying an additional 335 shares during the period.

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Shares of First Trust NASDAQ Technology Dividend Index Fund opened $ 50.82 on Wednesday. The 50-day moving average of the stock is $ 53.76, and its 200-day moving average is $ 57.50. The First Trust NASDAQ Technology Dividend Index Fund has a 12-month low of $ 48.98 and a 12-month high of $ 64.24.

The company also recently unveiled a three-month dividend, which will be paid on Thursday, June 30. The record shareholders on Monday, June 27, will receive a dividend of $ 0.293. This represents a dividend of $ 1.17 on an annual basis and a dividend yield of 2.31%. This is an increase over the previous quarterly dividend of the First Trust NASDAQ Technology Dividend Index Fund of $ 0.22. The date of the former dividend is Friday, June 24.

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