FT Vest U.S. Small Cap Moderate Buffer ETF – May (BATS:SMAY) Sees Large Decline in Short Interest

FT Vest U.S. Small Cap Moderate Buffer ETF – May (BATS:SMAY) saw a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 22,357 shares, a drop of 72.7% from the July 30th total of 81,903 shares. Based on an average daily volume of 13,407 shares, the short-interest ratio is presently 1.7 days. Currently, 0.5% of the shares of the stock are sold short.

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

FT Vest U.S. Small Cap Moderate Buffer ETF – May stock opened at $28.67 on Friday. The stock has a market capitalization of $117.55 million, a PE ratio of 16.31 and a beta of 0.73. The business has a 50 day simple moving average of $28.36 and a 200-day simple moving average of $27.41. FT Vest U.S. Small Cap Moderate Buffer ETF – May has a 12 month low of $24.80 and a 12 month high of $28.86.

Institutional Investors Weigh In On FT Vest U.S. Small Cap Moderate Buffer ETF – May

Several institutional investors and hedge funds have recently added to or reduced their stakes in SMAY. Sunbelt Securities Inc. lifted its holdings in FT Vest U.S. Small Cap Moderate Buffer ETF – May by 68.8% during the third quarter. Sunbelt Securities Inc. now owns 1,578 shares of the company’s stock valued at $40,000 after purchasing an additional 643 shares in the last quarter. Arkadios Wealth Advisors acquired a new position in shares of FT Vest U.S. Small Cap Moderate Buffer ETF – May during the 4th quarter worth about $708,000. Advisory Services Network LLC lifted its stake in FT Vest U.S. Small Cap Moderate Buffer ETF – May by 2.0% in the 4th quarter. Advisory Services Network LLC now owns 58,345 shares of the company’s stock valued at $1,515,000 after buying an additional 1,165 shares in the last quarter. Kestra Advisory Services LLC lifted its stake in FT Vest U.S. Small Cap Moderate Buffer ETF – May by 46.1% in the 1st quarter. Kestra Advisory Services LLC now owns 36,117 shares of the company’s stock valued at $950,000 after buying an additional 11,393 shares in the last quarter. Finally, Quad Cities Investment Group LLC purchased a new position in FT Vest U.S. Small Cap Moderate Buffer ETF – May in the 2nd quarter valued at about $610,000.

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

The FT Cboe Vest U.S. Small Cap Moderate Buffer ETF – May (SMAY) is an exchange-traded fund that mostly invests in small-cap stocks. The fund aims for specific buffered losses and capped gains on the iShares Russell 2000 ETF over a specific holdings period. The actively managed fund holds options and collateral. SMAY was launched on May 19, 2023 and is managed by First Trust.