FT Vest Technology Dividend Target Income ETF (BATS:TDVI) Sees Large Decrease in Short Interest

FT Vest Technology Dividend Target Income ETF (BATS:TDVI) saw a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 40,821 shares, a decline 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 presently 0.4 days. Currently, 1.1% of the shares of the company are sold short.

Institutional Trading of FT Vest Technology Dividend Target Income ETF

A number of institutional investors have recently modified their holdings of the company. Southern Capital Services Inc. ADV boosted its holdings in FT Vest Technology Dividend Target Income ETF by 2.5% in 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 in the last quarter. Royal Bank of Canada lifted its position in 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 valued at $10,844,000 after acquiring an additional 19,007 shares in the last quarter. LPL Financial LLC boosted its holdings in shares of FT Vest Technology Dividend Target Income ETF by 44.2% during the 4th quarter. LPL Financial LLC now owns 406,776 shares of the company’s stock valued at $11,284,000 after acquiring an additional 124,781 shares during the last quarter. Raymond James Financial Inc. grew its holdings in shares of FT Vest Technology Dividend Target Income ETF by 1,142,256.5% in the third quarter. Raymond James Financial Inc. now owns 262,742 shares of the company’s stock worth $7,528,000 after acquiring an additional 262,719 shares during the period. Finally, Independent Financial Group LLC purchased a new stake in shares of FT Vest Technology Dividend Target Income ETF during the 1st quarter valued at about $5,315,000.

FT Vest Technology Dividend Target Income ETF Price Performance

Shares of BATS:TDVI opened at $31.49 on Tuesday. The company has a market cap of $119.66 million, a price-to-earnings 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 firm has a fifty day moving average price of $31.06 and a two-hundred day moving average price of $30.11.

FT Vest Technology Dividend Target Income ETF Company Profile

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.