FT Vest U.S. Equity Moderate Buffer ETF – May (BATS:GMAY) Sees Large Decrease in Short Interest

FT Vest U.S. Equity Moderate Buffer ETF – May (BATS:GMAY) was the recipient of a large decline in short interest in August. As of August 14th, there was short interest totaling 29,280 shares, a decline of 38.8% from the July 30th total of 47,827 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 20,915 shares, the short-interest ratio is presently 1.4 days.

FT Vest U.S. Equity Moderate Buffer ETF – May Price Performance

Shares of BATS GMAY opened at $43.71 on Wednesday. FT Vest U.S. Equity Moderate Buffer ETF – May has a 1 year low of $39.73 and a 1 year high of $44.99. The stock has a market capitalization of $353.18 million, a P/E ratio of 24.47 and a beta of 0.47. The company’s 50-day moving average is $43.39 and its 200 day moving average is $42.56.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. CoreCap Advisors LLC lifted its stake in shares of FT Vest U.S. Equity Moderate Buffer ETF – May by 4.0% in the 2nd quarter. CoreCap Advisors LLC now owns 9,140 shares of the company’s stock valued at $393,000 after purchasing an additional 350 shares during the period. Nvest Financial LLC boosted its position in shares of FT Vest U.S. Equity Moderate Buffer ETF – May by 5.8% during the fourth quarter. Nvest Financial LLC now owns 7,607 shares of the company’s stock valued at $314,000 after purchasing an additional 415 shares in the last quarter. Focus Partners Wealth grew its stake in FT Vest U.S. Equity Moderate Buffer ETF – May by 3.2% in the third quarter. Focus Partners Wealth now owns 16,753 shares of the company’s stock worth $678,000 after purchasing an additional 513 shares during the period. Kintra Wealth LLC grew its stake in FT Vest U.S. Equity Moderate Buffer ETF – May by 5.3% in the second quarter. Kintra Wealth LLC now owns 13,756 shares of the company’s stock worth $606,000 after purchasing an additional 691 shares during the period. Finally, Brookstone Capital Management raised its holdings in FT Vest U.S. Equity Moderate Buffer ETF – May by 2.5% in the first quarter. Brookstone Capital Management now owns 29,755 shares of the company’s stock worth $1,222,000 after purchasing an additional 713 shares in the last quarter.

FT Vest U.S. Equity Moderate Buffer ETF – May Company Profile

The FT Cboe Vest U.S. Equity Moderate Buffer ETF – May (GMAY) is an exchange-traded fund that mostly invests in large cap equity. The fund aims for specific buffered losses and capped gains on the SPDR S&P 500 ETF Trust over a specific holdings period. The actively managed fund holds options and collateral. GMAY was launched on May 19, 2023 and is managed by First Trust.