FT Vest U.S. Equity Buffer ETF – May (BATS:FMAY) Sees Large Growth in Short Interest

FT Vest U.S. Equity Buffer ETF – May (BATS:FMAY) was the recipient of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 52,588 shares, a growth of 75.1% from the April 30th total of 30,039 shares. Based on an average daily volume of 73,117 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.3% of the company’s stock are short sold.

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

FMAY stock opened at $56.54 on Wednesday. FT Vest U.S. Equity Buffer ETF – May has a 1-year low of $48.53 and a 1-year high of $56.57. The business has a fifty day moving average price of $54.73 and a 200-day moving average price of $53.85. The stock has a market capitalization of $1.06 billion, a P/E ratio of 23.87 and a beta of 0.57.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. FOCUS Wealth Advisors LLC grew its holdings in shares of FT Vest U.S. Equity Buffer ETF – May by 2.9% in the fourth quarter. FOCUS Wealth Advisors LLC now owns 496,565 shares of the company’s stock worth $26,541,000 after acquiring an additional 13,804 shares during the period. Assetmark Inc. grew its holdings in shares of FT Vest U.S. Equity Buffer ETF – May by 9.9% in the first quarter. Assetmark Inc. now owns 266,045 shares of the company’s stock worth $14,047,000 after acquiring an additional 24,007 shares during the period. Raymond James Financial Inc. grew its holdings in shares of FT Vest U.S. Equity Buffer ETF – May by 7.4% in the second quarter. Raymond James Financial Inc. now owns 253,436 shares of the company’s stock worth $12,679,000 after acquiring an additional 17,361 shares during the period. Cetera Investment Advisers grew its holdings in shares of FT Vest U.S. Equity Buffer ETF – May by 26.8% in the fourth quarter. Cetera Investment Advisers now owns 253,019 shares of the company’s stock worth $13,524,000 after acquiring an additional 53,495 shares during the period. Finally, REAP Financial Group LLC grew its holdings in shares of FT Vest U.S. Equity Buffer ETF – May by 12.7% in the third quarter. REAP Financial Group LLC now owns 178,324 shares of the company’s stock worth $9,317,000 after acquiring an additional 20,103 shares during the period.

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

The FT Cboe Vest U.S. Equity Buffer ETF – May (FMAY) 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. FMAY was launched on May 15, 2020 and is managed by First Trust.