Short Interest in FT Vest U.S. Equity Quarterly Max Buffer ETF (BATS:SQMX) Declines By 78.6%

FT Vest U.S. Equity Quarterly Max Buffer ETF (BATS:SQMX) was the target of a large drop in short interest in July. As of July 15th, there was short interest totaling 11,145 shares, a drop of 78.6% from the June 30th total of 52,117 shares. Based on an average daily volume of 15,301 shares, the days-to-cover ratio is currently 0.7 days. Approximately 8.9% of the shares of the stock are sold short.

FT Vest U.S. Equity Quarterly Max Buffer ETF Stock Performance

Shares of FT Vest U.S. Equity Quarterly Max Buffer ETF stock opened at $34.19 on Friday. The stock’s 50 day simple moving average is $34.14 and its 200-day simple moving average is $33.77. FT Vest U.S. Equity Quarterly Max Buffer ETF has a 1-year low of $32.02 and a 1-year high of $34.37.

Hedge Funds Weigh In On FT Vest U.S. Equity Quarterly Max Buffer ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Legacy Wealth Managment LLC ID grew its holdings in FT Vest U.S. Equity Quarterly Max Buffer ETF by 13.8% in the 4th quarter. Legacy Wealth Managment LLC ID now owns 6,133 shares of the company’s stock valued at $205,000 after buying an additional 743 shares in the last quarter. Hollencrest Capital Management purchased a new position in shares of FT Vest U.S. Equity Quarterly Max Buffer ETF during the 1st quarter worth $46,000. Osaic Holdings Inc. purchased a new position in shares of FT Vest U.S. Equity Quarterly Max Buffer ETF during the 2nd quarter worth $79,000. Kestra Advisory Services LLC purchased a new position in shares of FT Vest U.S. Equity Quarterly Max Buffer ETF during the 4th quarter worth $155,000. Finally, Cresset Asset Management LLC acquired a new position in shares of FT Vest U.S. Equity Quarterly Max Buffer ETF during the 2nd quarter valued at about $200,000.

About FT Vest U.S. Equity Quarterly Max Buffer ETF

The FT Vest U.S. Equity Quarterly Max Buffer ETF (SQMX) is an exchange-traded fund that mostly invests in large cap equity. The fund aims to deliver returns that match the SPDR S&P 500 ETF Trust price performance up to a set upside cap, while providing a dynamic buffer of 5% or 7.5% against losses over a three-month period. The fund employs FLEX options to implement this strategy and resets its cap and buffer each quarter. SQMX was launched on Dec 20, 2024 and is issued by First Trust.