FT Vest Technology Dividend Target Income ETF (BATS:TDVI) Shares Shorted: Short Interest Up 147.4% in September

FT Vest Technology Dividend Target Income ETF (BATS:TDVI) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totaling 102,346 shares, an increase of 147.4% from the August 31st total of 41,372 shares. Based on an average daily volume of 216,830 shares, the short-interest ratio is currently 0.5 days. Approximately 2.7% of the company’s stock are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Southern Capital Services Inc. ADV raised its position in shares of 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 worth $14,861,000 after acquiring an additional 13,760 shares in the last quarter. Royal Bank of Canada grew its stake in FT Vest Technology Dividend Target Income ETF by 4.9% in the first 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 last quarter. Bullseye Investment Management LLC purchased a new position in FT Vest Technology Dividend Target Income ETF in the second quarter valued at about $8,407,000. Independent Financial Group LLC purchased a new position in FT Vest Technology Dividend Target Income ETF in the first quarter valued at about $5,315,000. Finally, Sequent Planning LLC raised its holdings in FT Vest Technology Dividend Target Income ETF by 6.7% in the first quarter. Sequent Planning LLC now owns 90,157 shares of the company’s stock worth $2,395,000 after purchasing an additional 5,672 shares in the last quarter.

FT Vest Technology Dividend Target Income ETF Stock Down 1.4%

Shares of TDVI stock opened at $30.58 on Tuesday. The firm has a market cap of $116.20 million, a price-to-earnings ratio of 25.63 and a beta of 1.18. FT Vest Technology Dividend Target Income ETF has a 52-week low of $25.63 and a 52-week high of $35.57. The company’s 50 day moving average is $31.14 and its 200 day moving average is $30.58.

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.