FT Vest Technology Dividend Target Income ETF (BATS:TDVI – Get Free Report) was the target of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 51,192 shares, a decline of 37.2% from the September 30th total of 81,492 shares. Based on an average trading volume of 206,298 shares, the days-to-cover ratio is presently 0.2 days. Approximately 1.3% of the shares of the company are short sold.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Southern Capital Services Inc. ADV raised its holdings in FT Vest Technology Dividend Target Income ETF by 2.5% in the 1st 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 in the last quarter. Royal Bank of Canada lifted its position in shares of FT Vest Technology Dividend Target Income ETF by 4.9% in the 1st quarter. Royal Bank of Canada now owns 408,277 shares of the company’s stock worth $10,844,000 after acquiring an additional 19,007 shares during the period. Bullseye Investment Management LLC acquired a new stake in shares of FT Vest Technology Dividend Target Income ETF during the 2nd quarter worth approximately $8,407,000. Independent Financial Group LLC acquired a new stake in shares of FT Vest Technology Dividend Target Income ETF during the 1st quarter worth approximately $5,315,000. Finally, Commonwealth Equity Services LLC acquired a new stake in shares of FT Vest Technology Dividend Target Income ETF during the 3rd quarter worth approximately $3,072,000.
FT Vest Technology Dividend Target Income ETF Price Performance
BATS:TDVI opened at $30.54 on Tuesday. The stock has a market cap of $116.05 million, a P/E ratio of 25.63 and a beta of 1.18. FT Vest Technology Dividend Target Income ETF has a one year low of $25.63 and a one year high of $35.57. The company has a fifty day moving average price of $31.18 and a 200 day moving average price of $30.16.
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.
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