FT Vest U.S. Equity Buffer ETF – May (BATS:FMAY) Sees Large Decline in Short Interest

FT Vest U.S. Equity Buffer ETF – May (BATS:FMAY) was the recipient of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 30,039 shares, a drop of 42.0% from the April 15th total of 51,818 shares. Based on an average daily volume of 22,494 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.2% of the shares of the company are short sold.

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

Shares of BATS FMAY opened at $55.62 on Friday. The stock has a fifty day moving average price of $54.16 and a 200 day moving average price of $53.58. FT Vest U.S. Equity Buffer ETF – May has a 1-year low of $47.70 and a 1-year high of $55.64. The company has a market cap of $1.04 billion, a PE ratio of 23.87 and a beta of 0.57.

Institutional Investors Weigh In On FT Vest U.S. Equity Buffer ETF – May

Several hedge funds have recently modified their holdings of FMAY. NewEdge Advisors LLC lifted its holdings in shares of FT Vest U.S. Equity Buffer ETF – May by 8.7% during the second quarter. NewEdge Advisors LLC now owns 40,355 shares of the company’s stock worth $2,019,000 after purchasing an additional 3,242 shares during the period. Raymond James Financial Inc. lifted its holdings in FT Vest U.S. Equity Buffer ETF – May by 7.4% in the second quarter. Raymond James Financial Inc. now owns 253,436 shares of the company’s stock valued at $12,679,000 after acquiring an additional 17,361 shares during the period. Jane Street Group LLC acquired a new stake in FT Vest U.S. Equity Buffer ETF – May in the second quarter valued at $1,147,000. Gallagher Fiduciary Advisors LLC acquired a new stake in FT Vest U.S. Equity Buffer ETF – May in the second quarter valued at $577,000. Finally, MML Investors Services LLC lifted its holdings in FT Vest U.S. Equity Buffer ETF – May by 31.1% in the second quarter. MML Investors Services LLC now owns 25,424 shares of the company’s stock valued at $1,272,000 after acquiring an additional 6,038 shares during the period.

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.