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 recipient of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 48,823 shares, a decline of 34.0% from the May 14th total of 74,010 shares. Currently, 1.3% of the company’s stock are short sold. Based on an average daily volume of 85,018 shares, the days-to-cover ratio is presently 0.6 days.

FT Vest Technology Dividend Target Income ETF Price Performance

TDVI opened at $33.07 on Tuesday. The stock has a 50-day moving average price of $30.87 and a 200-day moving average price of $28.93. The firm has a market cap of $125.67 million, a PE ratio of 25.63 and a beta of 1.18. FT Vest Technology Dividend Target Income ETF has a 1 year low of $25.63 and a 1 year high of $35.57.

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

Several large investors have recently modified their holdings of the stock. Sequent Planning LLC purchased a new position in FT Vest Technology Dividend Target Income ETF in the 4th quarter worth about $2,344,000. Concurrent Investment Advisors LLC raised its position in FT Vest Technology Dividend Target Income ETF by 52.6% in the 4th quarter. Concurrent Investment Advisors LLC now owns 10,761 shares of the company’s stock worth $299,000 after buying an additional 3,709 shares during the last quarter. G&S Capital LLC raised its position in FT Vest Technology Dividend Target Income ETF by 35.0% in the 4th quarter. G&S Capital LLC now owns 9,552 shares of the company’s stock worth $265,000 after buying an additional 2,474 shares during the last quarter. Greenberg Financial Group purchased a new position in FT Vest Technology Dividend Target Income ETF in the 4th quarter worth about $201,000. Finally, Capital Investment Advisory Services LLC raised its position in FT Vest Technology Dividend Target Income ETF by 10.1% in the 4th quarter. Capital Investment Advisory Services LLC now owns 34,696 shares of the company’s stock worth $962,000 after buying an additional 3,197 shares during the last quarter.

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.