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

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

Hedge Funds Weigh In On FT Vest U.S. Equity Buffer ETF – May

Hedge funds and other institutional investors have recently made changes to their positions in the business. FOCUS Wealth Advisors LLC raised its stake in FT Vest U.S. Equity Buffer ETF – May by 2.9% in the fourth quarter. FOCUS Wealth Advisors LLC now owns 496,565 shares of the company’s stock worth $26,541,000 after buying an additional 13,804 shares in the last quarter. Assetmark Inc. increased its stake in shares of FT Vest U.S. Equity Buffer ETF – May by 9.9% during the first quarter. Assetmark Inc. now owns 266,045 shares of the company’s stock valued at $14,047,000 after purchasing an additional 24,007 shares in the last quarter. Raymond James Financial Inc. increased its stake in shares of FT Vest U.S. Equity Buffer ETF – May by 7.4% during the second quarter. Raymond James Financial Inc. now owns 253,436 shares of the company’s stock valued at $12,679,000 after purchasing an additional 17,361 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of FT Vest U.S. Equity Buffer ETF – May by 26.8% during the fourth quarter. Cetera Investment Advisers now owns 253,019 shares of the company’s stock valued at $13,524,000 after purchasing an additional 53,495 shares in the last quarter. Finally, REAP Financial Group LLC increased its stake in shares of FT Vest U.S. Equity Buffer ETF – May by 12.7% during the third quarter. REAP Financial Group LLC now owns 178,324 shares of the company’s stock valued at $9,317,000 after purchasing an additional 20,103 shares in the last quarter.

FT Vest U.S. Equity Buffer ETF – May Trading Down 0.1%

Shares of BATS:FMAY opened at $55.57 on Tuesday. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 23.87 and a beta of 0.57. The company has a 50-day moving average price of $54.19 and a 200-day moving average price of $53.61. FT Vest U.S. Equity Buffer ETF – May has a 12 month low of $47.70 and a 12 month high of $55.66.

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.