Short Interest in FT Vest U.S. Equity Max Buffer ETF – May (BATS:MAYM) Decreases By 70.2%

FT Vest U.S. Equity Max Buffer ETF – May (BATS:MAYM) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 7,366 shares, a decline of 70.2% from the August 15th total of 24,743 shares. Based on an average daily volume of 1,444 shares, the days-to-cover ratio is currently 5.1 days. Currently, 1.3% of the company’s shares are sold short.

FT Vest U.S. Equity Max Buffer ETF – May Stock Performance

BATS MAYM opened at $33.21 on Friday. FT Vest U.S. Equity Max Buffer ETF – May has a one year low of $31.72 and a one year high of $33.30. The company’s 50 day moving average price is $33.10 and its 200 day moving average price is $32.81.

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

Several hedge funds and other institutional investors have recently made changes to their positions in MAYM. Integrity Financial Corp WA purchased a new stake in FT Vest U.S. Equity Max Buffer ETF – May during the 2nd quarter worth $36,000. Triumph Capital Management lifted its stake in shares of FT Vest U.S. Equity Max Buffer ETF – May by 100.0% during the second quarter. Triumph Capital Management now owns 1,500 shares of the company’s stock worth $49,000 after purchasing an additional 750 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of FT Vest U.S. Equity Max Buffer ETF – May during the third quarter worth about $49,000. Osaic Holdings Inc. purchased a new stake in shares of FT Vest U.S. Equity Max Buffer ETF – May in the second quarter worth about $101,000. Finally, Kestra Advisory Services LLC purchased a new stake in shares of FT Vest U.S. Equity Max Buffer ETF – May in the fourth quarter worth about $149,000.

About FT Vest U.S. Equity Max Buffer ETF – May

First Trust Exchange-Traded Fund VIII – FT Vest U.S. Equity Max Buffer ETF – May is an exchange traded fund launched and managed by First Trust Advisors LP. The fund is co-managed by Vest Financial LLC. It invests in public equity markets of the United States. The fund invests through derivatives in stocks of companies operating across diversified sectors. It uses derivatives such as FLexible EXchange Options that reference the price performance of the SPDR S&P 500 ETF Trust to create its portfolio.