FT Vest U.S. Small Cap Moderate Buffer ETF – May (BATS:SMAY) Short Interest Down 72.7% in August

FT Vest U.S. Small Cap Moderate Buffer ETF – May (BATS:SMAY) saw a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 22,357 shares, a decrease of 72.7% from the July 30th total of 81,903 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily volume of 13,407 shares, the short-interest ratio is presently 1.7 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Heartland Consultants Inc. raised its position in FT Vest U.S. Small Cap Moderate Buffer ETF – May by 3.2% during the second quarter. First Heartland Consultants Inc. now owns 33,012 shares of the company’s stock valued at $937,000 after purchasing an additional 1,012 shares in the last quarter. Quad Cities Investment Group LLC bought a new position in shares of FT Vest U.S. Small Cap Moderate Buffer ETF – May during the 2nd quarter valued at about $610,000. Kestra Advisory Services LLC increased its position in shares of FT Vest U.S. Small Cap Moderate Buffer ETF – May by 46.1% during the 1st quarter. Kestra Advisory Services LLC now owns 36,117 shares of the company’s stock valued at $950,000 after purchasing an additional 11,393 shares during the last quarter. Advisory Services Network LLC raised its holdings in shares of FT Vest U.S. Small Cap Moderate Buffer ETF – May by 2.0% during the 4th quarter. Advisory Services Network LLC now owns 58,345 shares of the company’s stock valued at $1,515,000 after buying an additional 1,165 shares in the last quarter. Finally, Arkadios Wealth Advisors purchased a new position in shares of FT Vest U.S. Small Cap Moderate Buffer ETF – May during the 4th quarter valued at about $708,000.

FT Vest U.S. Small Cap Moderate Buffer ETF – May Price Performance

Shares of SMAY opened at $28.58 on Thursday. FT Vest U.S. Small Cap Moderate Buffer ETF – May has a 1-year low of $24.80 and a 1-year high of $28.86. The company has a market capitalization of $117.18 million, a P/E ratio of 16.31 and a beta of 0.73. The firm’s 50 day simple moving average is $28.35 and its 200 day simple moving average is $27.40.

FT Vest U.S. Small Cap Moderate Buffer ETF – May Company Profile

The FT Cboe Vest U.S. Small Cap Moderate Buffer ETF – May (SMAY) is an exchange-traded fund that mostly invests in small-cap stocks. The fund aims for specific buffered losses and capped gains on the iShares Russell 2000 ETF over a specific holdings period. The actively managed fund holds options and collateral. SMAY was launched on May 19, 2023 and is managed by First Trust.