FT Vest U.S. Equity Buffer ETF – May (BATS:FMAY) Sees Large Decline in Short Interest

FT Vest U.S. Equity Buffer ETF – May (BATS:FMAY) saw a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 30,039 shares, a drop of 42.0% from the April 15th total of 51,818 shares. Based on an average trading volume of 22,494 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.2% of the shares of the stock are short sold.

Institutional Investors Weigh In On FT Vest U.S. Equity Buffer ETF – May

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Gateway Wealth Partners LLC acquired a new stake in FT Vest U.S. Equity Buffer ETF – May in the first quarter valued at $346,000. Assetmark Inc. raised its stake in shares of FT Vest U.S. Equity Buffer ETF – May by 9.9% during the 1st quarter. Assetmark Inc. now owns 266,045 shares of the company’s stock worth $14,047,000 after buying an additional 24,007 shares during the last quarter. Fifth Third Bancorp acquired a new position in shares of FT Vest U.S. Equity Buffer ETF – May during the 1st quarter worth $52,000. Kestra Advisory Services LLC raised its stake in shares of FT Vest U.S. Equity Buffer ETF – May by 2.2% during the 1st quarter. Kestra Advisory Services LLC now owns 117,813 shares of the company’s stock worth $6,221,000 after buying an additional 2,521 shares during the last quarter. Finally, Integrated Advisors Network LLC increased its position in FT Vest U.S. Equity Buffer ETF – May by 0.5% during the 1st quarter. Integrated Advisors Network LLC now owns 41,644 shares of the company’s stock worth $2,199,000 after purchasing an additional 197 shares in the last quarter.

FT Vest U.S. Equity Buffer ETF – May Stock Performance

FT Vest U.S. Equity Buffer ETF – May stock opened at $55.62 on Friday. FT Vest U.S. Equity Buffer ETF – May has a one year low of $47.70 and a one year high of $55.64. The business has a fifty day moving average of $54.16 and a two-hundred day moving average of $53.58. The company has a market cap of $1.04 billion, a P/E ratio of 23.87 and a beta of 0.57.

About FT Vest U.S. Equity Buffer ETF – May

The FT Cboe Vest U.S. Equity Buffer ETF – May (FMAY) 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. FMAY was launched on May 15, 2020 and is managed by First Trust.