FT Vest Buffered Allocation Growth ETF (BATS:BUFG) Sees Large Increase in Short Interest

FT Vest Buffered Allocation Growth ETF (BATS:BUFG) was the recipient of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 21,444 shares, a growth of 89.1% from the April 30th total of 11,341 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 28,540 shares, the short-interest ratio is currently 0.8 days.

Institutional Trading of FT Vest Buffered Allocation Growth ETF

Several institutional investors and hedge funds have recently modified their holdings of BUFG. Arkadios Wealth Advisors increased its holdings in FT Vest Buffered Allocation Growth ETF by 497.7% in the 4th quarter. Arkadios Wealth Advisors now owns 72,711 shares of the company’s stock valued at $2,001,000 after acquiring an additional 60,545 shares during the last quarter. Farther Finance Advisors LLC purchased a new position in shares of FT Vest Buffered Allocation Growth ETF in the 4th quarter worth $525,000. Transcend Capital Advisors LLC grew its stake in shares of FT Vest Buffered Allocation Growth ETF by 11.5% in the 4th quarter. Transcend Capital Advisors LLC now owns 107,990 shares of the company’s stock worth $2,972,000 after buying an additional 11,132 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in shares of FT Vest Buffered Allocation Growth ETF in the 3rd quarter worth $101,000. Finally, Janney Montgomery Scott LLC grew its stake in shares of FT Vest Buffered Allocation Growth ETF by 34.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 13,430 shares of the company’s stock worth $370,000 after buying an additional 3,408 shares in the last quarter.

FT Vest Buffered Allocation Growth ETF Price Performance

Shares of BUFG stock opened at $29.28 on Thursday. The company has a market capitalization of $307.44 million, a price-to-earnings ratio of 25.02 and a beta of 0.69. FT Vest Buffered Allocation Growth ETF has a one year low of $24.74 and a one year high of $29.50. The company’s fifty day moving average price is $28.29 and its 200-day moving average price is $27.79.

FT Vest Buffered Allocation Growth ETF Company Profile

The FT Cboe Vest Buffered Allocation Growth ETF (BUFG) is an exchange-traded fund that is based on the SPDR S&P 500 ETF Trust index. The fund is an actively-managed fund-of-funds that allocates exposure to defined outcome buffer ETFs referencing the SPY. BUFG was launched on Oct 26, 2021 and is managed by First Trust.