Short Interest in FT Vest Technology Dividend Target Income ETF (BATS:TDVI) Declines By 34.0%

FT Vest Technology Dividend Target Income ETF (BATS:TDVI) was the target of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 48,823 shares, a drop of 34.0% from the May 14th total of 74,010 shares. Currently, 1.3% of the company’s stock are sold short. Based on an average daily trading volume, of 85,018 shares, the days-to-cover ratio is currently 0.6 days.

FT Vest Technology Dividend Target Income ETF Trading Up 1.9%

Shares of FT Vest Technology Dividend Target Income ETF stock opened at $33.07 on Tuesday. The firm has a market capitalization of $125.67 million, a P/E ratio of 25.63 and a beta of 1.18. The business has a fifty day simple moving average of $30.87 and a two-hundred day simple moving average of $28.93. FT Vest Technology Dividend Target Income ETF has a 12 month low of $25.63 and a 12 month high of $35.57.

Hedge Funds Weigh In On FT Vest Technology Dividend Target Income ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisory Services Network LLC purchased a new position in shares of FT Vest Technology Dividend Target Income ETF in the 3rd quarter worth about $51,000. Triumph Capital Management raised its position in shares of FT Vest Technology Dividend Target Income ETF by 442.7% in the 4th quarter. Triumph Capital Management now owns 3,343 shares of the company’s stock worth $93,000 after purchasing an additional 2,727 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in shares of FT Vest Technology Dividend Target Income ETF in the 4th quarter worth about $96,000. Larson Financial Group LLC purchased a new position in shares of FT Vest Technology Dividend Target Income ETF in the 4th quarter worth about $127,000. Finally, Greenberg Financial Group purchased a new position in shares of FT Vest Technology Dividend Target Income ETF in the 4th quarter worth about $201,000.

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.