FT Vest Laddered Nasdaq Buffer ETF (BATS:BUFQ) Stock Short Interest Declines 58.1%

FT Vest Laddered Nasdaq Buffer ETF (BATS:BUFQ) was the target of a large drop in short interest in the month of October. As of October 30th, there was short interest totaling 77,159 shares, a drop of 58.1% from the October 15th total of 184,239 shares. Based on an average daily trading volume, of 182,388 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the company’s shares are short sold.

FT Vest Laddered Nasdaq Buffer ETF Price Performance

FT Vest Laddered Nasdaq Buffer ETF stock traded down $0.31 during mid-day trading on Friday, reaching $38.86. 85,363 shares of the company traded hands, compared to its average volume of 177,295. FT Vest Laddered Nasdaq Buffer ETF has a 52-week low of $34.25 and a 52-week high of $41.15. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of 30.39 and a beta of 0.71. The firm’s 50 day moving average price is $39.95 and its 200 day moving average price is $38.33.

Hedge Funds Weigh In On FT Vest Laddered Nasdaq Buffer ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Parallel Advisors LLC purchased a new stake in shares of FT Vest Laddered Nasdaq Buffer ETF in the 1st quarter worth approximately $64,000. Smith Moore & CO. bought a new stake in shares of FT Vest Laddered Nasdaq Buffer ETF during the third quarter valued at approximately $303,000. Claris Financial LLC lifted its position in FT Vest Laddered Nasdaq Buffer ETF by 7.6% in the 1st quarter. Claris Financial LLC now owns 34,829 shares of the company’s stock valued at $1,230,000 after acquiring an additional 2,449 shares in the last quarter. Finally, Harbour Investments Inc. bought a new stake in shares of FT Vest Laddered Nasdaq Buffer ETF in the 3rd quarter worth $4,331,000.

FT Vest Laddered Nasdaq Buffer ETF Company Profile

The FT Cboe Vest Fund of Nasdaq-100 Buffer ETFs (BUFQ) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund-of-funds that holds a laddered portfolio of FT Cboe Vest Nasdaq-100 Buffer ETFs. BUFQ was launched on Jun 15, 2022 and is managed by First Trust.