FT Vest U.S. Equity Moderate Buffer ETF – November (BATS:GNOV) Short Interest Down 93.2% in May

FT Vest U.S. Equity Moderate Buffer ETF – November (BATS:GNOV) was the recipient of a significant drop in short interest in May. As of May 15th, there was short interest totaling 23,310 shares, a drop of 93.2% from the April 30th total of 343,034 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 8,272 shares, the short-interest ratio is presently 2.8 days.

FT Vest U.S. Equity Moderate Buffer ETF – November Stock Performance

Shares of BATS:GNOV opened at $41.67 on Friday. The stock has a market capitalization of $312.53 million, a price-to-earnings ratio of 24.84 and a beta of 0.34. FT Vest U.S. Equity Moderate Buffer ETF – November has a 1-year low of $35.18 and a 1-year high of $41.68. The company has a 50 day moving average price of $40.37 and a 200 day moving average price of $39.86.

Hedge Funds Weigh In On FT Vest U.S. Equity Moderate Buffer ETF – November

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Commonwealth Equity Services LLC boosted its position in shares of FT Vest U.S. Equity Moderate Buffer ETF – November by 7.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 419,428 shares of the company’s stock valued at $16,660,000 after purchasing an additional 29,732 shares during the period. Cetera Investment Advisers boosted its stake in FT Vest U.S. Equity Moderate Buffer ETF – November by 3.5% in the 4th quarter. Cetera Investment Advisers now owns 342,205 shares of the company’s stock worth $13,592,000 after purchasing an additional 11,705 shares during the period. Osaic Holdings Inc. boosted its stake in FT Vest U.S. Equity Moderate Buffer ETF – November by 7.6% in the 4th quarter. Osaic Holdings Inc. now owns 301,483 shares of the company’s stock worth $11,975,000 after purchasing an additional 21,200 shares during the period. Kestra Advisory Services LLC boosted its stake in FT Vest U.S. Equity Moderate Buffer ETF – November by 6.1% in the 1st quarter. Kestra Advisory Services LLC now owns 249,590 shares of the company’s stock worth $9,719,000 after purchasing an additional 14,407 shares during the period. Finally, Janney Montgomery Scott LLC boosted its stake in FT Vest U.S. Equity Moderate Buffer ETF – November by 705.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 169,798 shares of the company’s stock worth $6,744,000 after purchasing an additional 148,724 shares during the period.

About FT Vest U.S. Equity Moderate Buffer ETF – November

The FT Vest U.S. Equity Moderate Buffer ETF -November (GNOV) is an exchange-traded fund that mostly invests in large cap equity. The fund aims for specific buffered losses and capped gains on the SPDR S&P 500 ETF Trust over a specific holdings period. The actively managed fund holds options and collateral. GNOV was launched on Nov 17, 2023 and is issued by First Trust.