Short Interest in FT Vest Technology Dividend Target Income ETF (BATS:TDVI) Declines By 48.2%

FT Vest Technology Dividend Target Income ETF (BATS:TDVI) saw a significant decrease in short interest in August. As of August 14th, there was short interest totaling 40,821 shares, a decrease of 48.2% from the July 30th total of 78,755 shares. Based on an average daily volume of 108,937 shares, the short-interest ratio is currently 0.4 days. Approximately 1.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On FT Vest Technology Dividend Target Income ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Southern Capital Services Inc. ADV lifted its stake in shares of FT Vest Technology Dividend Target Income ETF by 2.5% during the first quarter. Southern Capital Services Inc. ADV now owns 559,518 shares of the company’s stock valued at $14,861,000 after acquiring an additional 13,760 shares during the period. Royal Bank of Canada lifted its position in FT Vest Technology Dividend Target Income ETF by 4.9% during the 1st quarter. Royal Bank of Canada now owns 408,277 shares of the company’s stock valued at $10,844,000 after purchasing an additional 19,007 shares during the period. LPL Financial LLC boosted its stake in shares of FT Vest Technology Dividend Target Income ETF by 44.2% in the 4th quarter. LPL Financial LLC now owns 406,776 shares of the company’s stock valued at $11,284,000 after purchasing an additional 124,781 shares during the last quarter. Raymond James Financial Inc. grew its position in shares of FT Vest Technology Dividend Target Income ETF by 1,142,256.5% during the 3rd quarter. Raymond James Financial Inc. now owns 262,742 shares of the company’s stock worth $7,528,000 after buying an additional 262,719 shares during the period. Finally, Independent Financial Group LLC bought a new stake in shares of FT Vest Technology Dividend Target Income ETF during the first quarter worth approximately $5,315,000.

FT Vest Technology Dividend Target Income ETF Price Performance

TDVI opened at $31.49 on Friday. The stock has a market capitalization of $119.66 million, a P/E ratio of 25.63 and a beta of 1.18. The company’s 50 day simple moving average is $31.08 and its 200-day simple moving average is $30.08. FT Vest Technology Dividend Target Income ETF has a one year low of $25.63 and a one year high of $35.57.

About FT Vest Technology Dividend Target Income ETF

The FT Vest Technology Dividend Target Income ETF (TDVI) is an exchange-traded fund that mostly invests in information technology equity. TVDI is an actively managed fund that seeks to provide a target level of current income and capital appreciation by holding a portfolio of dividend-paying US technology companies. The fund also utilizes a naked call writing option strategy on the Nasdaq 100 Index (NDX) and/or the S&P 500 Index (SPX) or related ETFs. TDVI was launched on Aug 9, 2023 and is issued by First Trust.