FT Vest Technology Dividend Target Income ETF (BATS:TDVI) Shares Shorted: Short Interest Down 63.8% in October

FT Vest Technology Dividend Target Income ETF (BATS:TDVI) was the target of a large decrease in short interest in October. As of October 30th, there was short interest totaling 18,515 shares, a decrease of 63.8% from the October 15th total of 51,192 shares. Based on an average daily trading volume, of 118,629 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bullseye Investment Management LLC bought a new stake in FT Vest Technology Dividend Target Income ETF during the second quarter worth approximately $8,407,000. Triumph Capital Management boosted its stake in FT Vest Technology Dividend Target Income ETF by 517.9% during the 2nd quarter. Triumph Capital Management now owns 19,421 shares of the company’s stock valued at $617,000 after purchasing an additional 16,278 shares in the last quarter. RFG Advisory LLC boosted its stake in FT Vest Technology Dividend Target Income ETF by 159.2% during the 2nd quarter. RFG Advisory LLC now owns 28,880 shares of the company’s stock valued at $917,000 after purchasing an additional 17,737 shares in the last quarter. Kestra Advisory Services LLC increased its position in shares of FT Vest Technology Dividend Target Income ETF by 774.3% during the 1st quarter. Kestra Advisory Services LLC now owns 30,226 shares of the company’s stock valued at $803,000 after purchasing an additional 26,769 shares during the period. Finally, Independent Financial Group LLC acquired a new position in shares of FT Vest Technology Dividend Target Income ETF during the 1st quarter valued at $5,315,000.

FT Vest Technology Dividend Target Income ETF Price Performance

TDVI opened at $30.58 on Friday. FT Vest Technology Dividend Target Income ETF has a 12 month low of $25.63 and a 12 month high of $35.57. The stock’s 50 day moving average price is $31.01 and its 200 day moving average price is $30.25. The stock has a market cap of $657.47 million, a P/E ratio of 21.18 and a beta of 1.27.

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.