FT Vest Technology Dividend Target Income ETF (BATS:TDVI) Short Interest Down 46.0% in June

FT Vest Technology Dividend Target Income ETF (BATS:TDVI) saw a large drop in short interest in June. As of June 15th, there was short interest totaling 26,373 shares, a drop of 46.0% from the May 31st total of 48,823 shares. Based on an average daily trading volume, of 109,832 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.7% of the company’s shares are sold short.

FT Vest Technology Dividend Target Income ETF Price Performance

FT Vest Technology Dividend Target Income ETF stock opened at $31.76 on Wednesday. The stock has a market cap of $120.69 million, a price-to-earnings ratio of 25.63 and a beta of 1.18. The firm has a 50-day moving average of $31.78 and a two-hundred day moving average of $29.23. FT Vest Technology Dividend Target Income ETF has a 1 year low of $25.63 and a 1 year high of $35.57.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Southern Capital Services Inc. ADV lifted its holdings 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 buying an additional 13,760 shares during the period. Royal Bank of Canada grew its position in shares of FT Vest Technology Dividend Target Income ETF by 4.9% during the 1st quarter. Royal Bank of Canada now owns 408,277 shares of the company’s stock worth $10,844,000 after buying an additional 19,007 shares in the last quarter. LPL Financial LLC increased its stake in shares of FT Vest Technology Dividend Target Income ETF by 44.2% during the fourth quarter. LPL Financial LLC now owns 406,776 shares of the company’s stock valued at $11,284,000 after buying an additional 124,781 shares during the period. Raymond James Financial Inc. increased its stake in shares of FT Vest Technology Dividend Target Income ETF by 1,142,256.5% during the third quarter. Raymond James Financial Inc. now owns 262,742 shares of the company’s stock valued at $7,528,000 after buying an additional 262,719 shares during the period. Finally, Independent Financial Group LLC bought a new position in FT Vest Technology Dividend Target Income ETF during the 1st quarter worth about $5,315,000.

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.