Short Interest in FT Vest U.S. Equity Buffer ETF – September (BATS:FSEP) Drops By 69.0%

FT Vest U.S. Equity Buffer ETF – September (BATS:FSEP) was the target of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 5,354 shares, a drop of 69.0% from the April 30th total of 17,265 shares. Based on an average daily trading volume, of 15,064 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. CWM LLC lifted its stake in shares of FT Vest U.S. Equity Buffer ETF – September by 5.3% in the 4th quarter. CWM LLC now owns 452,254 shares of the company’s stock valued at $23,318,000 after purchasing an additional 22,816 shares during the period. Assetmark Inc. lifted its stake in shares of FT Vest U.S. Equity Buffer ETF – September by 11.4% in the 1st quarter. Assetmark Inc. now owns 279,992 shares of the company’s stock valued at $14,092,000 after purchasing an additional 28,716 shares during the period. LPL Financial LLC lifted its stake in shares of FT Vest U.S. Equity Buffer ETF – September by 5.4% in the 4th quarter. LPL Financial LLC now owns 243,763 shares of the company’s stock valued at $12,568,000 after purchasing an additional 12,511 shares during the period. Raymond James Financial Inc. lifted its stake in shares of FT Vest U.S. Equity Buffer ETF – September by 5.8% in the 3rd quarter. Raymond James Financial Inc. now owns 216,488 shares of the company’s stock valued at $10,941,000 after purchasing an additional 11,893 shares during the period. Finally, Kestra Advisory Services LLC lifted its stake in shares of FT Vest U.S. Equity Buffer ETF – September by 12.8% in the 1st quarter. Kestra Advisory Services LLC now owns 162,442 shares of the company’s stock valued at $8,176,000 after purchasing an additional 18,469 shares during the period.

FT Vest U.S. Equity Buffer ETF – September Trading Up 0.2%

BATS FSEP traded up $0.09 on Friday, hitting $55.00. The company’s stock had a trading volume of 71,915 shares, compared to its average volume of 30,040. FT Vest U.S. Equity Buffer ETF – September has a 52-week low of $46.05 and a 52-week high of $55.11. The company’s 50-day simple moving average is $52.74 and its 200 day simple moving average is $51.95. The firm has a market cap of $959.75 million, a P/E ratio of 24.69 and a beta of 0.62.

FT Vest U.S. Equity Buffer ETF – September Company Profile

The FT Cboe Vest U.S. Equity Buffer ETF – September (FSEP) is an exchange-traded fund that mostly invests in large cap equity. The fund aims for specific buffered losses and capped gains on the SPY over a specific holdings period. The actively-managed fund holds options and collateral. FSEP was launched on Sep 18, 2020 and is managed by First Trust.