FT Vest U.S. Equity Deep Buffer ETF – May (BATS:DMAY) Sees Large Increase in Short Interest

FT Vest U.S. Equity Deep Buffer ETF – May (BATS:DMAY) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 155,178 shares, a growth of 2,205.1% from the April 30th total of 6,732 shares. Based on an average daily trading volume, of 40,558 shares, the days-to-cover ratio is presently 3.8 days. Currently, 2.3% of the shares of the stock are short sold.

FT Vest U.S. Equity Deep Buffer ETF – May Price Performance

FT Vest U.S. Equity Deep Buffer ETF – May stock traded up $0.03 during mid-day trading on Wednesday, reaching $47.11. The company had a trading volume of 88,878 shares, compared to its average volume of 21,867. The stock’s 50-day simple moving average is $46.03 and its 200-day simple moving average is $45.47. FT Vest U.S. Equity Deep Buffer ETF – May has a 1 year low of $41.61 and a 1 year high of $47.22. The company has a market capitalization of $313.28 million, a P/E ratio of 24.53 and a beta of 0.42.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in DMAY. Triumph Capital Management boosted its position in shares of FT Vest U.S. Equity Deep Buffer ETF – May by 597.8% in the 4th quarter. Triumph Capital Management now owns 642 shares of the company’s stock worth $29,000 after buying an additional 550 shares in the last quarter. Arax Advisory Partners acquired a new stake in shares of FT Vest U.S. Equity Deep Buffer ETF – May in the fourth quarter valued at approximately $30,000. Geneos Wealth Management Inc. increased its stake in shares of FT Vest U.S. Equity Deep Buffer ETF – May by 100.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 750 shares of the company’s stock worth $32,000 after purchasing an additional 375 shares in the last quarter. Riggs Asset Managment Co. Inc. purchased a new position in shares of FT Vest U.S. Equity Deep Buffer ETF – May during the 2nd quarter worth approximately $97,000. Finally, Bank of America Corp DE acquired a new position in shares of FT Vest U.S. Equity Deep Buffer ETF – May during the 3rd quarter worth approximately $161,000.

FT Vest U.S. Equity Deep Buffer ETF – May Company Profile

The FT Cboe Vest U.S. Equity Deep Buffer ETF – May (DMAY) is an exchange-traded fund that mostly invests in large cap equity. The fund aims for specific buffered losses and capped gains on the SPY over a specific holdings period. The actively-managed fund holds options and collateral. DMAY was launched on May 15, 2020 and is managed by First Trust.