FT Vest U.S. Equity Deep Buffer ETF – December (BATS:DDEC) Sees Significant Decline in Short Interest

FT Vest U.S. Equity Deep Buffer ETF – December (BATS:DDEC) saw a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 6,365 shares, a drop of 67.9% from the May 14th total of 19,833 shares. Based on an average daily volume of 14,020 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the shares of the stock are sold short.

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

Shares of DDEC opened at $46.70 on Thursday. FT Vest U.S. Equity Deep Buffer ETF – December has a 52-week low of $40.72 and a 52-week high of $47.46. The business’s fifty day moving average is $46.33 and its 200-day moving average is $45.45. The firm has a market cap of $380.61 million, a price-to-earnings ratio of 24.21 and a beta of 0.36.

Hedge Funds Weigh In On FT Vest U.S. Equity Deep Buffer ETF – December

Several hedge funds and other institutional investors have recently modified their holdings of the business. Nova Wealth Management Inc. increased its stake in shares of FT Vest U.S. Equity Deep Buffer ETF – December by 16.6% in the 4th quarter. Nova Wealth Management Inc. now owns 30,014 shares of the company’s stock valued at $1,353,000 after purchasing an additional 4,271 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of FT Vest U.S. Equity Deep Buffer ETF – December by 10.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 11,721 shares of the company’s stock valued at $519,000 after purchasing an additional 1,065 shares during the last quarter. Cottage Street Advisors LLC increased its stake in shares of FT Vest U.S. Equity Deep Buffer ETF – December by 16.9% in 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 last quarter. Finally, Triumph Capital Management bought a new position in shares of FT Vest U.S. Equity Deep Buffer ETF – December in the 3rd quarter valued at $70,000.

FT Vest U.S. Equity Deep Buffer ETF – December Company Profile

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.