Short Interest in FT Vest U.S. Small Cap Moderate Buffer ETF – May (BATS:SMAY) Declines By 72.7%

FT Vest U.S. Small Cap Moderate Buffer ETF – May (BATS:SMAY) saw a significant decline in short interest in August. As of August 14th, there was short interest totaling 22,357 shares, a decline of 72.7% from the July 30th total of 81,903 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 13,407 shares, the days-to-cover ratio is presently 1.7 days.

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

Shares of SMAY opened at $28.58 on Thursday. The stock’s 50-day simple moving average is $28.35 and its 200 day simple moving average is $27.40. The stock has a market capitalization of $117.18 million, a price-to-earnings ratio of 16.31 and a beta of 0.73. FT Vest U.S. Small Cap Moderate Buffer ETF – May has a 52-week low of $24.80 and a 52-week high of $28.86.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. Sunbelt Securities Inc. boosted its holdings in FT Vest U.S. Small Cap Moderate Buffer ETF – May by 68.8% in 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 period. Quad Cities Investment Group LLC purchased a new stake in shares of FT Vest U.S. Small Cap Moderate Buffer ETF – May in the second quarter worth $610,000. 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 $708,000. First Heartland Consultants Inc. raised its position in shares of FT Vest U.S. Small Cap Moderate Buffer ETF – May by 3.2% in the second quarter. First Heartland Consultants Inc. now owns 33,012 shares of the company’s stock worth $937,000 after buying an additional 1,012 shares in the last quarter. Finally, 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 period.

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

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.