FT Vest U.S. Equity Enhance & Moderate Buffer ETF – October (BATS:XOCT) Sees Large Decline in Short Interest

FT Vest U.S. Equity Enhance & Moderate Buffer ETF – October (BATS:XOCT) saw a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 2,339 shares, a decline of 43.2% from the August 31st total of 4,115 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 1,835 shares, the days-to-cover ratio is presently 1.3 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Arlington Capital Management Inc. raised its stake in FT Vest U.S. Equity Enhance & Moderate Buffer ETF – October by 6.7% in the first quarter. Arlington Capital Management Inc. now owns 6,956 shares of the company’s stock valued at $259,000 after buying an additional 435 shares in the last quarter. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of FT Vest U.S. Equity Enhance & Moderate Buffer ETF – October in the second quarter valued at about $266,000. Bullseye Investment Management LLC purchased a new position in shares of FT Vest U.S. Equity Enhance & Moderate Buffer ETF – October in the 2nd quarter valued at approximately $353,000. Kestra Advisory Services LLC raised its position in FT Vest U.S. Equity Enhance & Moderate Buffer ETF – October by 4.3% during the 1st quarter. Kestra Advisory Services LLC now owns 71,719 shares of the company’s stock worth $2,673,000 after buying an additional 2,944 shares during the last quarter. Finally, Envestnet Asset Management Inc. purchased a new stake in FT Vest U.S. Equity Enhance & Moderate Buffer ETF – October in the 2nd quarter valued at approximately $7,556,000.

FT Vest U.S. Equity Enhance & Moderate Buffer ETF – October Trading Up 0.1%

XOCT opened at $40.40 on Thursday. The firm has a market cap of $129.28 million, a price-to-earnings ratio of 24.42 and a beta of 0.26. The stock’s 50-day moving average price is $40.10 and its 200 day moving average price is $39.26. FT Vest U.S. Equity Enhance & Moderate Buffer ETF – October has a 12-month low of $36.64 and a 12-month high of $40.42.

FT Vest U.S. Equity Enhance & Moderate Buffer ETF – October Company Profile

The FT Vest U.S. Equity Enhance & Moderate Buffer ETF – October (XOCT) is an exchange-traded fund that mostly invests in large cap equity. The fund seeks to outperform the SPY ETF at about 2x positive price returns while aiming for specific buffered losses and capped gains over a specific holdings period. The actively managed fund holds options and collateral. XOCT was launched on Oct 20, 2023 and is issued by First Trust.