Short Interest in FT Vest U.S. Equity Quarterly Max Buffer ETF (BATS:SQMX) Grows By 56.9%

FT Vest U.S. Equity Quarterly Max Buffer ETF (BATS:SQMX) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 17,480 shares, a growth of 56.9% from the July 30th total of 11,138 shares. Based on an average daily volume of 4,510 shares, the days-to-cover ratio is currently 3.9 days. Currently, 14.0% of the company’s stock are short sold.

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

A number of hedge funds have recently bought and sold shares of SQMX. Legacy Wealth Managment LLC ID boosted its holdings in FT Vest U.S. Equity Quarterly Max Buffer ETF by 13.8% in the fourth quarter. Legacy Wealth Managment LLC ID now owns 6,133 shares of the company’s stock worth $205,000 after purchasing an additional 743 shares during the last quarter. Hollencrest Capital Management bought a new stake in FT Vest U.S. Equity Quarterly Max Buffer ETF in the 1st quarter worth approximately $46,000. Atlantic Private Wealth LLC bought a new stake in FT Vest U.S. Equity Quarterly Max Buffer ETF in the 2nd quarter worth approximately $68,000. Osaic Holdings Inc. purchased a new stake in FT Vest U.S. Equity Quarterly Max Buffer ETF during the 2nd quarter valued at $79,000. Finally, Kestra Advisory Services LLC purchased a new stake in FT Vest U.S. Equity Quarterly Max Buffer ETF during the 4th quarter valued at $155,000.

FT Vest U.S. Equity Quarterly Max Buffer ETF Stock Up 0.3%

Shares of BATS:SQMX opened at $34.74 on Thursday. FT Vest U.S. Equity Quarterly Max Buffer ETF has a 1 year low of $32.33 and a 1 year high of $34.82. The stock’s fifty day moving average price is $34.44 and its 200-day moving average price is $33.99.

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.