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) saw a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 15,546 shares, a decrease of 57.9% from the May 14th total of 36,932 shares. Based on an average daily trading volume, of 4,099 shares, the days-to-cover ratio is presently 3.8 days. Approximately 12.4% of the company’s shares are short sold.

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

Several large investors have recently modified their holdings of the company. Legacy Wealth Managment LLC ID increased its position in shares of FT Vest U.S. Equity Quarterly Max Buffer ETF by 13.8% during the fourth quarter. Legacy Wealth Managment LLC ID now owns 6,133 shares of the company’s stock worth $205,000 after buying an additional 743 shares during the period. Hollencrest Capital Management acquired a new stake in shares of FT Vest U.S. Equity Quarterly Max Buffer ETF during the first quarter worth $46,000. Osaic Holdings Inc. acquired a new stake in shares of FT Vest U.S. Equity Quarterly Max Buffer ETF during the second quarter worth $79,000. Kestra Advisory Services LLC bought a new position in FT Vest U.S. Equity Quarterly Max Buffer ETF during the fourth quarter worth $155,000. Finally, Cresset Asset Management LLC bought a new position in FT Vest U.S. Equity Quarterly Max Buffer ETF during the second quarter worth $200,000.

FT Vest U.S. Equity Quarterly Max Buffer ETF Trading Down 0.1%

SQMX opened at $34.10 on Friday. FT Vest U.S. Equity Quarterly Max Buffer ETF has a twelve month low of $31.47 and a twelve month high of $34.26. The company has a fifty day moving average of $33.88 and a 200-day moving average of $33.54.

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.