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

FT Vest U.S. Small Cap Moderate Buffer ETF – May (BATS:SMAY) was the target of a large drop in short interest in May. As of May 29th, there was short interest totaling 23,287 shares, a drop of 42.2% from the May 14th total of 40,257 shares. Based on an average daily trading volume, of 36,622 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.6% of the shares of the stock are short sold.

Institutional Trading of FT Vest U.S. Small Cap Moderate Buffer ETF – May

Hedge funds have recently bought and sold shares of the stock. Sunbelt Securities Inc. boosted its holdings in shares of FT Vest U.S. Small Cap Moderate Buffer ETF – May by 68.8% during the 3rd quarter. Sunbelt Securities Inc. now owns 1,578 shares of the company’s stock valued at $40,000 after purchasing an additional 643 shares during the last quarter. CoreCap Advisors LLC purchased a new stake in shares of FT Vest U.S. Small Cap Moderate Buffer ETF – May in the fourth quarter worth about $120,000. Arkadios Wealth Advisors purchased a new stake in shares of FT Vest U.S. Small Cap Moderate Buffer ETF – May in the fourth quarter worth about $708,000. Kestra Advisory Services LLC boosted its stake in FT Vest U.S. Small Cap Moderate Buffer ETF – May by 46.1% during the first 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 during the last quarter. Finally, Advisory Services Network LLC boosted its stake in FT Vest U.S. Small Cap Moderate Buffer ETF – May by 2.0% during the fourth 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 during the last quarter.

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

SMAY stock opened at $27.94 on Monday. FT Vest U.S. Small Cap Moderate Buffer ETF – May has a one year low of $23.42 and a one year high of $27.99. The company’s fifty day moving average price is $27.24 and its 200-day moving average price is $26.56. The company has a market capitalization of $114.55 million, a PE ratio of 16.31 and a beta of 0.73.

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

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.