FT Vest U.S. Equity Buffer ETF – October (BATS:FOCT) Sees Large Drop in Short Interest

FT Vest U.S. Equity Buffer ETF – October (BATS:FOCT) was the recipient of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 19,031 shares, a decline of 70.9% from the April 30th total of 65,411 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 13,577 shares, the short-interest ratio is currently 1.4 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FOCT. Royal Bank of Canada increased its holdings in FT Vest U.S. Equity Buffer ETF – October by 1.6% during the 1st quarter. Royal Bank of Canada now owns 73,512 shares of the company’s stock valued at $3,051,000 after purchasing an additional 1,151 shares during the period. Jane Street Group LLC purchased a new position in FT Vest U.S. Equity Buffer ETF – October during the 1st quarter valued at about $682,000. First Trust Advisors LP increased its holdings in FT Vest U.S. Equity Buffer ETF – October by 27.7% during the 2nd quarter. First Trust Advisors LP now owns 13,970 shares of the company’s stock valued at $625,000 after purchasing an additional 3,033 shares during the period. NewEdge Advisors LLC increased its holdings in FT Vest U.S. Equity Buffer ETF – October by 8.1% during the 2nd quarter. NewEdge Advisors LLC now owns 12,883 shares of the company’s stock valued at $577,000 after purchasing an additional 964 shares during the period. Finally, Raymond James Financial Inc. increased its holdings in FT Vest U.S. Equity Buffer ETF – October by 2.8% during the 2nd quarter. Raymond James Financial Inc. now owns 603,284 shares of the company’s stock valued at $27,009,000 after purchasing an additional 16,451 shares during the period.

FT Vest U.S. Equity Buffer ETF – October Price Performance

Shares of BATS:FOCT opened at $52.22 on Friday. FT Vest U.S. Equity Buffer ETF – October has a 1 year low of $42.88 and a 1 year high of $52.23. The company has a market cap of $998.97 million, a PE ratio of 24.45 and a beta of 0.62. The stock’s 50-day moving average is $50.00 and its 200 day moving average is $49.32.

About FT Vest U.S. Equity Buffer ETF – October

The FT Cboe Vest U.S. Equity Buffer ETF – October (FOCT) 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. FOCT was launched on Oct 16, 2020 and is managed by First Trust.