FT Vest Nasdaq-100 Moderate Buffer ETF – May (BATS:QMMY) Sees Significant Drop in Short Interest

FT Vest Nasdaq-100 Moderate Buffer ETF – May (BATS:QMMY) was the target of a large drop in short interest in July. As of July 15th, there was short interest totaling 69,872 shares, a drop of 39.3% from the June 30th total of 115,126 shares. Currently, 2.1% of the company’s stock are short sold. Based on an average daily volume of 31,381 shares, the days-to-cover ratio is presently 2.2 days.

FT Vest Nasdaq-100 Moderate Buffer ETF – May Stock Up 1.7%

Shares of FT Vest Nasdaq-100 Moderate Buffer ETF – May stock opened at $25.72 on Friday. The company has a 50-day simple moving average of $26.17 and a two-hundred day simple moving average of $25.65. FT Vest Nasdaq-100 Moderate Buffer ETF – May has a 52-week low of $23.64 and a 52-week high of $26.64.

Hedge Funds Weigh In On FT Vest Nasdaq-100 Moderate Buffer ETF – May

A number of hedge funds have recently added to or reduced their stakes in QMMY. First Heartland Consultants Inc. lifted its position in FT Vest Nasdaq-100 Moderate Buffer ETF – May by 46.1% in the 2nd quarter. First Heartland Consultants Inc. now owns 15,935 shares of the company’s stock valued at $422,000 after acquiring an additional 5,030 shares in the last quarter. Sunbelt Securities Inc. increased its holdings in shares of FT Vest Nasdaq-100 Moderate Buffer ETF – May by 54.8% in the 3rd quarter. Sunbelt Securities Inc. now owns 23,425 shares of the company’s stock worth $574,000 after purchasing an additional 8,290 shares in the last quarter. Kestra Advisory Services LLC increased its holdings in shares of FT Vest Nasdaq-100 Moderate Buffer ETF – May by 58.3% in the 1st quarter. Kestra Advisory Services LLC now owns 178,508 shares of the company’s stock worth $4,433,000 after purchasing an additional 65,729 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in shares of FT Vest Nasdaq-100 Moderate Buffer ETF – May by 1.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 242,677 shares of the company’s stock worth $6,076,000 after purchasing an additional 3,719 shares during the last quarter.

About FT Vest Nasdaq-100 Moderate Buffer ETF – May

The FT Vest Nasdaq-100 Moderate Buffer ETF – May (QMMY) is an exchange-traded fund that mostly invests in large cap equity. The fund aims for specific buffered losses and capped gains on QQQ ETF over a specific holding period. The actively managed fund holds options and collateral. QMMY was launched on May 17, 2024 and is issued by First Trust.