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

FT Vest U.S. Equity Quarterly Max Buffer ETF (BATS:SQMX) was the target of a large growth in short interest in May. As of May 15th, there was short interest totaling 36,932 shares, a growth of 250.9% from the April 30th total of 10,524 shares. Currently, 29.5% of the company’s stock are sold short. Based on an average trading volume of 5,264 shares, the days-to-cover ratio is currently 7.0 days.

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

BATS:SQMX opened at $34.07 on Friday. The firm’s fifty day simple moving average is $33.72 and its 200 day simple moving average is $33.46. FT Vest U.S. Equity Quarterly Max Buffer ETF has a twelve month low of $31.31 and a twelve month high of $34.10.

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

Several hedge funds and other institutional investors have recently bought and sold shares of SQMX. Hollencrest Capital Management acquired a new position in FT Vest U.S. Equity Quarterly Max Buffer ETF during the 1st quarter worth approximately $46,000. Osaic Holdings Inc. acquired a new position in FT Vest U.S. Equity Quarterly Max Buffer ETF during the 2nd quarter worth approximately $79,000. Kestra Advisory Services LLC acquired a new position in FT Vest U.S. Equity Quarterly Max Buffer ETF during the 4th quarter worth approximately $155,000. Cresset Asset Management LLC acquired a new position in FT Vest U.S. Equity Quarterly Max Buffer ETF during the 2nd quarter worth approximately $200,000. Finally, Legacy Wealth Managment LLC ID lifted its holdings in FT Vest U.S. Equity Quarterly Max Buffer ETF by 13.8% in the 4th 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 in the last quarter.

FT Vest U.S. Equity Quarterly Max Buffer ETF Company Profile

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.