Short Interest in FT Vest U.S. Equity Deep Buffer ETF – December (BATS:DDEC) Increases By 194.3%

FT Vest U.S. Equity Deep Buffer ETF – December (BATS:DDEC) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 22,993 shares, a growth of 194.3% from the July 15th total of 7,813 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 10,754 shares, the short-interest ratio is currently 2.1 days.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in DDEC. Janney Montgomery Scott LLC raised its position in shares of FT Vest U.S. Equity Deep Buffer ETF – December by 10.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 11,721 shares of the company’s stock worth $519,000 after purchasing an additional 1,065 shares during the period. Cottage Street Advisors LLC boosted its position in FT Vest U.S. Equity Deep Buffer ETF – December by 16.9% during the 1st quarter. Cottage Street Advisors LLC now owns 9,697 shares of the company’s stock valued at $429,000 after purchasing an additional 1,404 shares during the period. Finally, Triumph Capital Management acquired a new position in FT Vest U.S. Equity Deep Buffer ETF – December during the 3rd quarter valued at approximately $70,000.

FT Vest U.S. Equity Deep Buffer ETF – December Price Performance

BATS:DDEC traded up $0.07 during mid-day trading on Thursday, reaching $48.33. The stock had a trading volume of 6,616 shares, compared to its average volume of 15,090. The company has a market capitalization of $393.89 million, a price-to-earnings ratio of 24.21 and a beta of 0.36. FT Vest U.S. Equity Deep Buffer ETF – December has a 1-year low of $42.46 and a 1-year high of $48.37. The stock’s 50 day simple moving average is $47.47 and its two-hundred day simple moving average is $46.26.

About FT Vest U.S. Equity Deep Buffer ETF – December

The FT Cboe Vest U.S. Equity Deep Buffer ETF – December (DDEC) is an exchange-traded fund that is based on the SPDR S&P 500 ETF Trust index. The fund aims for specific buffered losses and capped gains on SPY ETF over a specific holdings period. The actively-managed fund holds options and collateral. DDEC was launched on Dec 18, 2020 and is managed by First Trust.