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

FT Vest U.S. Equity Quarterly Max Buffer ETF (BATS:SQMX) saw a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 26,621 shares, an increase of 310.2% from the October 15th total of 6,489 shares. Currently, 1.7% of the shares of the stock are sold short. Based on an average trading volume of 8,362 shares, the days-to-cover ratio is currently 3.2 days.

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

Shares of BATS:SQMX opened at $34.89 on Friday. FT Vest U.S. Equity Quarterly Max Buffer ETF has a 52 week low of $32.53 and a 52 week high of $35.11. The company’s fifty day moving average is $34.87 and its 200-day moving average is $34.18.

Hedge Funds Weigh In On FT Vest U.S. Equity Quarterly Max Buffer ETF

Several institutional investors have recently added to or reduced their stakes in SQMX. Commonwealth Equity Services LLC bought a new stake in FT Vest U.S. Equity Quarterly Max Buffer ETF during the third quarter worth about $311,000. Axxcess Wealth Management LLC bought a new position in shares of FT Vest U.S. Equity Quarterly Max Buffer ETF in the third quarter valued at approximately $3,178,000. CoreCap Advisors LLC raised its stake in shares of FT Vest U.S. Equity Quarterly Max Buffer ETF by 1.2% in the third quarter. CoreCap Advisors LLC now owns 378,054 shares of the company’s stock valued at $13,177,000 after acquiring an additional 4,662 shares during the last quarter. Envestnet Asset Management Inc. bought a new position in shares of FT Vest U.S. Equity Quarterly Max Buffer ETF in the second quarter valued at approximately $446,000. Finally, Citadel Advisors LLC bought a new stake in FT Vest U.S. Equity Quarterly Max Buffer ETF during the 2nd quarter worth approximately $2,214,000.

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.