FT Vest U.S. Equity Moderate Buffer ETF – November (BATS:GNOV) Sees Large Increase in Short Interest

FT Vest U.S. Equity Moderate Buffer ETF – November (BATS:GNOV) saw a large increase in short interest in April. As of April 30th, there was short interest totaling 343,034 shares, an increase of 3,575.9% from the April 15th total of 9,332 shares. Based on an average trading volume of 43,231 shares, the days-to-cover ratio is currently 7.9 days. Approximately 4.6% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Fifth Third Bancorp bought a new position in shares of FT Vest U.S. Equity Moderate Buffer ETF – November in the 4th quarter worth about $57,000. Larson Financial Group LLC acquired a new position in FT Vest U.S. Equity Moderate Buffer ETF – November during the fourth quarter worth $75,000. Evolution Wealth Management Inc. bought a new stake in FT Vest U.S. Equity Moderate Buffer ETF – November during the 4th quarter worth approximately $104,000. Rockefeller Capital Management L.P. increased its holdings in FT Vest U.S. Equity Moderate Buffer ETF – November by 471.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 3,030 shares of the company’s stock worth $120,000 after purchasing an additional 2,500 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in FT Vest U.S. Equity Moderate Buffer ETF – November by 32.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 4,113 shares of the company’s stock worth $150,000 after purchasing an additional 1,000 shares in the last quarter.

FT Vest U.S. Equity Moderate Buffer ETF – November Stock Down 0.0%

GNOV traded down $0.01 during midday trading on Monday, hitting $41.31. 3,529 shares of the company were exchanged, compared to its average volume of 14,591. The firm has a market capitalization of $309.83 million, a P/E ratio of 24.84 and a beta of 0.34. FT Vest U.S. Equity Moderate Buffer ETF – November has a 1-year low of $34.98 and a 1-year high of $41.38. The firm’s 50 day moving average price is $39.85 and its 200-day moving average price is $39.54.

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

The FT Vest U.S. Equity Moderate Buffer ETF -November (GNOV) 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. GNOV was launched on Nov 17, 2023 and is issued by First Trust.