FT Vest U.S. Equity Buffer ETF – August (BATS:FAUG) Sees Large Decrease in Short Interest

FT Vest U.S. Equity Buffer ETF – August (BATS:FAUG) saw a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 7,222 shares, a decline of 51.6% from the May 14th total of 14,916 shares. Based on an average daily trading volume, of 20,655 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the shares of the stock are short sold.

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

FAUG stock traded up $0.19 during trading on Friday, hitting $56.00. The stock had a trading volume of 8,995 shares, compared to its average volume of 36,827. FT Vest U.S. Equity Buffer ETF – August has a twelve month low of $47.59 and a twelve month high of $56.32. The company’s 50-day moving average price is $55.02 and its two-hundred day moving average price is $53.64. The stock has a market capitalization of $1.07 billion, a P/E ratio of 24.22 and a beta of 0.63.

Institutional Investors Weigh In On FT Vest U.S. Equity Buffer ETF – August

Several institutional investors have recently modified their holdings of the company. Gateway Wealth Partners LLC purchased a new stake in shares of FT Vest U.S. Equity Buffer ETF – August during the 1st quarter worth approximately $345,000. Assetmark Inc. lifted its stake in shares of FT Vest U.S. Equity Buffer ETF – August by 11.2% during the first quarter. Assetmark Inc. now owns 271,086 shares of the company’s stock valued at $14,038,000 after buying an additional 27,228 shares during the period. Kestra Advisory Services LLC lifted its stake in shares of FT Vest U.S. Equity Buffer ETF – August by 18.3% during the first quarter. Kestra Advisory Services LLC now owns 112,826 shares of the company’s stock valued at $5,842,000 after buying an additional 17,488 shares during the period. Private Advisor Group LLC purchased a new position in FT Vest U.S. Equity Buffer ETF – August during the first quarter worth approximately $231,000. Finally, RFG Advisory LLC raised its stake in FT Vest U.S. Equity Buffer ETF – August by 11.0% during the first quarter. RFG Advisory LLC now owns 14,487 shares of the company’s stock worth $750,000 after purchasing an additional 1,431 shares during the period.

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

The FT Cboe Vest U.S. Equity Buffer ETF – August (FAUG) 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. FAUG was launched on Nov 6, 2019 and is managed by First Trust.