FT Vest U.S. Equity Quarterly Max Buffer ETF (BATS:SQMX) Stock Short Interest Jumps 310.2%

FT Vest U.S. Equity Quarterly Max Buffer ETF (BATS:SQMX) was the recipient of a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 26,621 shares, an increase of 310.2% from the October 15th total of 6,489 shares. Currently, 1.7% of the company’s stock are sold short. Based on an average daily trading volume, of 8,362 shares, the days-to-cover ratio is currently 3.2 days.

FT Vest U.S. Equity Quarterly Max Buffer ETF Stock Down 0.1%

Shares of BATS SQMX opened at $34.85 on Friday. FT Vest U.S. Equity Quarterly Max Buffer ETF has a 1-year low of $32.53 and a 1-year high of $35.11. The business’s fifty day moving average price is $34.87 and its two-hundred day moving average price is $34.19.

Institutional Trading of FT Vest U.S. Equity Quarterly Max Buffer ETF

A number of institutional investors have recently made changes to their positions in SQMX. CoreCap Advisors LLC boosted its holdings in shares of FT Vest U.S. Equity Quarterly Max Buffer ETF by 1.2% in the third quarter. CoreCap Advisors LLC now owns 378,054 shares of the company’s stock valued at $13,177,000 after acquiring an additional 4,662 shares in the last quarter. Cetera Investment Advisers increased its position in shares of FT Vest U.S. Equity Quarterly Max Buffer ETF by 13.1% during the 1st quarter. Cetera Investment Advisers now owns 242,410 shares of the company’s stock valued at $8,071,000 after purchasing an additional 28,160 shares during the period. Axxcess Wealth Management LLC bought a new stake in shares of FT Vest U.S. Equity Quarterly Max Buffer ETF in the 3rd quarter worth $3,178,000. Citadel Advisors LLC acquired a new stake in shares of FT Vest U.S. Equity Quarterly Max Buffer ETF in the second quarter valued at $2,214,000. Finally, Envestnet Asset Management Inc. bought a new position in FT Vest U.S. Equity Quarterly Max Buffer ETF during the second quarter valued at about $446,000.

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.