FT Vest U.S. Equity Quarterly Max Buffer ETF (BATS:SQMX) Sees Large Drop in Short Interest

FT Vest U.S. Equity Quarterly Max Buffer ETF (BATS:SQMX) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totaling 11,145 shares, a decrease of 78.6% from the June 30th total of 52,117 shares. Currently, 8.9% of the company’s stock are short sold. Based on an average daily volume of 15,301 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Investors Weigh In On FT Vest U.S. Equity Quarterly Max Buffer ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Hollencrest Capital Management bought a new stake in FT Vest U.S. Equity Quarterly Max Buffer ETF in the 1st quarter valued at $46,000. Osaic Holdings Inc. acquired a new stake in shares of FT Vest U.S. Equity Quarterly Max Buffer ETF in the 2nd quarter valued at about $79,000. Kestra Advisory Services LLC acquired a new stake in shares of FT Vest U.S. Equity Quarterly Max Buffer ETF in the 4th quarter valued at about $155,000. Legacy Wealth Managment LLC ID raised its stake in shares of FT Vest U.S. Equity Quarterly Max Buffer ETF by 13.8% in the 4th quarter. Legacy Wealth Managment LLC ID now owns 6,133 shares of the company’s stock valued at $205,000 after purchasing an additional 743 shares during the period. Finally, Cresset Asset Management LLC bought a new stake in shares of FT Vest U.S. Equity Quarterly Max Buffer ETF in the second quarter valued at about $200,000.

FT Vest U.S. Equity Quarterly Max Buffer ETF Stock Performance

SQMX traded up $0.06 during trading on Monday, reaching $34.25. The company had a trading volume of 1,523 shares, compared to its average volume of 15,701. FT Vest U.S. Equity Quarterly Max Buffer ETF has a 12 month low of $32.02 and a 12 month high of $34.37. The business’s fifty day moving average price is $34.14 and its 200 day moving average price is $33.77.

About FT Vest U.S. Equity Quarterly Max Buffer ETF

The FT Vest U.S. Equity Quarterly Max Buffer ETF (SQMX) is an exchange-traded fund that mostly invests in large cap equity. The fund aims to deliver returns that match the SPDR S&P 500 ETF Trust price performance up to a set upside cap, while providing a dynamic buffer of 5% or 7.5% against losses over a three-month period. The fund employs FLEX options to implement this strategy and resets its cap and buffer each quarter. SQMX was launched on Dec 20, 2024 and is issued by First Trust.