FT Vest U.S. Equity Buffer ETF – January (BATS:FJAN) Sees Large Growth in Short Interest

FT Vest U.S. Equity Buffer ETF – January (BATS:FJAN) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 52,210 shares, an increase of 183.3% from the June 15th total of 18,430 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 99,305 shares, the days-to-cover ratio is currently 0.5 days.

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

A number of hedge funds have recently added to or reduced their stakes in FJAN. Elmwood Wealth Management Inc. bought a new position in FT Vest U.S. Equity Buffer ETF – January during the 2nd quarter valued at $217,000. CoreCap Advisors LLC boosted its stake in FT Vest U.S. Equity Buffer ETF – January by 2.6% in the second quarter. CoreCap Advisors LLC now owns 14,741 shares of the company’s stock valued at $812,000 after acquiring an additional 369 shares during the last quarter. NewEdge Advisors LLC lifted its stake in FT Vest U.S. Equity Buffer ETF – January by 10.3% in the first quarter. NewEdge Advisors LLC now owns 20,280 shares of the company’s stock valued at $1,022,000 after purchasing an additional 1,899 shares during the last quarter. Centaurus Financial Inc. lifted its position in shares of FT Vest U.S. Equity Buffer ETF – January by 19.2% during the 1st quarter. Centaurus Financial Inc. now owns 21,014 shares of the company’s stock valued at $1,059,000 after buying an additional 3,389 shares during the last quarter. Finally, Sunbelt Securities Inc. lifted its holdings in FT Vest U.S. Equity Buffer ETF – January by 7.4% during the first quarter. Sunbelt Securities Inc. now owns 48,216 shares of the company’s stock valued at $2,431,000 after purchasing an additional 3,331 shares during the last quarter.

FT Vest U.S. Equity Buffer ETF – January Stock Performance

FJAN stock remained flat at $55.52 during mid-day trading on Monday. The company’s stock had a trading volume of 6,817 shares, compared to its average volume of 63,016. The business’s 50 day moving average price is $54.80 and its 200 day moving average price is $52.91. The company has a market capitalization of $1.24 billion, a P/E ratio of 24.79 and a beta of 0.57. FT Vest U.S. Equity Buffer ETF – January has a 1-year low of $47.66 and a 1-year high of $55.58.

About FT Vest U.S. Equity Buffer ETF – January

The FT Cboe Vest U.S. Equity Buffer ETF – January (FJAN) 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. FJAN was launched on Jan 15, 2021 and is managed by First Trust.