Short Interest in FT Vest U.S. Equity Buffer ETF – May (BATS:FMAY) Decreases By 47.0%

FT Vest U.S. Equity Buffer ETF – May (BATS:FMAY) saw a large drop in short interest in July. As of July 15th, there was short interest totaling 56,760 shares, a drop of 47.0% from the June 30th total of 107,120 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average trading volume of 25,720 shares, the short-interest ratio is presently 2.2 days.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Fifth Third Bancorp bought a new stake in shares of FT Vest U.S. Equity Buffer ETF – May during the 1st quarter worth approximately $52,000. Beacon Pointe Advisors LLC acquired a new stake in shares of FT Vest U.S. Equity Buffer ETF – May in the 4th quarter valued at approximately $203,000. HBK Sorce Advisory LLC bought a new position in shares of FT Vest U.S. Equity Buffer ETF – May in the fourth quarter valued at $205,000. Allen Capital Group LLC bought a new position in shares of FT Vest U.S. Equity Buffer ETF – May in the first quarter valued at $207,000. Finally, Stonebridge Financial Planning Group LLC acquired a new position in FT Vest U.S. Equity Buffer ETF – May during the third quarter worth $207,000.

FT Vest U.S. Equity Buffer ETF – May Stock Performance

BATS:FMAY opened at $55.46 on Thursday. FT Vest U.S. Equity Buffer ETF – May has a 52-week low of $50.23 and a 52-week high of $56.65. The company has a market cap of $1.04 billion, a P/E ratio of 23.87 and a beta of 0.57. The stock’s 50-day simple moving average is $56.05 and its 200 day simple moving average is $54.75.

FT Vest U.S. Equity Buffer ETF – May Company Profile

The FT Cboe Vest U.S. Equity Buffer ETF – May (FMAY) 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. FMAY was launched on May 15, 2020 and is managed by First Trust.