FT Vest U.S. Equity Quarterly Max Buffer ETF (BATS:SQMX) Sees Large Increase in Short Interest

FT Vest U.S. Equity Quarterly Max Buffer ETF (BATS:SQMX) saw a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 52,117 shares, an increase of 265.8% from the June 15th total of 14,249 shares. Currently, 41.7% of the company’s shares are sold short. Based on an average trading volume of 21,646 shares, the days-to-cover ratio is presently 2.4 days.

Hedge Funds Weigh In On FT Vest U.S. Equity Quarterly Max Buffer ETF

Several large investors have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC acquired a new stake in FT Vest U.S. Equity Quarterly Max Buffer ETF in the 1st quarter valued at approximately $355,000. Cresset Asset Management LLC purchased a new stake in shares of FT Vest U.S. Equity Quarterly Max Buffer ETF in the 2nd quarter valued at $200,000. Osaic Holdings Inc. purchased a new stake in shares of FT Vest U.S. Equity Quarterly Max Buffer ETF in the 2nd quarter valued at $79,000. Maia Wealth LLC acquired a new position in FT Vest U.S. Equity Quarterly Max Buffer ETF during the 3rd quarter worth about $3,949,000. Finally, Legacy Wealth Managment LLC ID boosted its holdings in FT Vest U.S. Equity Quarterly Max Buffer ETF by 13.8% during the 4th quarter. Legacy Wealth Managment LLC ID now owns 6,133 shares of the company’s stock valued at $205,000 after acquiring an additional 743 shares during the period.

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

Shares of FT Vest U.S. Equity Quarterly Max Buffer ETF stock opened at $34.37 on Monday. FT Vest U.S. Equity Quarterly Max Buffer ETF has a 52 week low of $31.96 and a 52 week high of $34.37. The business’s fifty day simple moving average is $34.08 and its 200-day simple moving average is $33.71.

About FT Vest U.S. Equity Quarterly Max Buffer ETF

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.