FT Vest U.S. Equity Moderate Buffer ETF – May (BATS:GMAY) Stock Short Interest Drops 50.1%

FT Vest U.S. Equity Moderate Buffer ETF – May (BATS:GMAY) was the target of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 16,663 shares, a drop of 50.1% from the August 31st total of 33,360 shares. Based on an average trading volume of 14,271 shares, the short-interest ratio is currently 1.2 days. Approximately 0.2% of the shares of the company are sold short.

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

A number of institutional investors have recently bought and sold shares of GMAY. CoreCap Advisors LLC increased its position in FT Vest U.S. Equity Moderate Buffer ETF – May by 4.0% in the second quarter. CoreCap Advisors LLC now owns 9,140 shares of the company’s stock worth $393,000 after buying an additional 350 shares in the last quarter. Nvest Financial LLC lifted its position in shares of FT Vest U.S. Equity Moderate Buffer ETF – May by 5.8% during the 4th quarter. Nvest Financial LLC now owns 7,607 shares of the company’s stock valued at $314,000 after buying an additional 415 shares in the last quarter. Kintra Wealth LLC lifted its position in shares of FT Vest U.S. Equity Moderate Buffer ETF – May by 5.3% during the 2nd quarter. Kintra Wealth LLC now owns 13,756 shares of the company’s stock valued at $606,000 after buying an additional 691 shares in the last quarter. Brookstone Capital Management grew its stake in shares of FT Vest U.S. Equity Moderate Buffer ETF – May by 2.5% during the 1st quarter. Brookstone Capital Management now owns 29,755 shares of the company’s stock valued at $1,222,000 after acquiring an additional 713 shares during the period. Finally, Hazlett Burt & Watson Inc. grew its stake in shares of FT Vest U.S. Equity Moderate Buffer ETF – May by 7,435.1% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 2,788 shares of the company’s stock valued at $115,000 after acquiring an additional 2,751 shares during the period.

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

Shares of FT Vest U.S. Equity Moderate Buffer ETF – May stock opened at $43.91 on Wednesday. FT Vest U.S. Equity Moderate Buffer ETF – May has a 1-year low of $40.21 and a 1-year high of $44.99. The company’s fifty day simple moving average is $43.72 and its 200-day simple moving average is $42.89. The stock has a market capitalization of $354.79 million, a PE ratio of 24.47 and a beta of 0.47.

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

The FT Cboe Vest U.S. Equity Moderate Buffer ETF – May (GMAY) is an exchange-traded fund that mostly invests in large cap equity. The fund aims for specific buffered losses and capped gains on the SPDR S&P 500 ETF Trust over a specific holdings period. The actively managed fund holds options and collateral. GMAY was launched on May 19, 2023 and is managed by First Trust.