Short Interest in FT Vest U.S. Equity Quarterly Max Buffer ETF (BATS:SQMX) Declines By 57.9%

FT Vest U.S. Equity Quarterly Max Buffer ETF (BATS:SQMX) was the recipient of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 15,546 shares, a drop of 57.9% from the May 14th total of 36,932 shares. Currently, 12.4% of the company’s shares are sold short. Based on an average daily trading volume, of 4,099 shares, the short-interest ratio is presently 3.8 days.

Institutional Investors Weigh In On FT Vest U.S. Equity Quarterly Max Buffer ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Griffith & Werner Inc. acquired a new stake in shares of FT Vest U.S. Equity Quarterly Max Buffer ETF in the 1st quarter valued at $10,342,000. Cetera Investment Advisers increased its stake in shares of FT Vest U.S. Equity Quarterly Max Buffer ETF by 13.1% in the 1st quarter. Cetera Investment Advisers now owns 242,410 shares of the company’s stock valued at $8,071,000 after buying an additional 28,160 shares during the period. Maia Wealth LLC acquired a new stake in shares of FT Vest U.S. Equity Quarterly Max Buffer ETF in the 3rd quarter valued at $3,949,000. Jane Street Group LLC acquired a new stake in shares of FT Vest U.S. Equity Quarterly Max Buffer ETF in the 4th quarter valued at $594,000. Finally, Integrated Wealth Concepts LLC acquired a new stake in shares of FT Vest U.S. Equity Quarterly Max Buffer ETF in the 1st quarter valued at $355,000.

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

BATS SQMX opened at $34.13 on Friday. The stock has a fifty day moving average of $33.89 and a 200-day moving average of $33.55. FT Vest U.S. Equity Quarterly Max Buffer ETF has a 52 week low of $31.47 and a 52 week high of $34.26.

FT Vest U.S. Equity Quarterly Max Buffer ETF Company Profile

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.