Short Interest in FT Vest U.S. Equity Buffer ETF – May (BATS:FMAY) Declines By 47.0%

FT Vest U.S. Equity Buffer ETF – May (BATS:FMAY) saw a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 56,760 shares, a decline of 47.0% from the June 30th total of 107,120 shares. Based on an average daily volume of 25,720 shares, the days-to-cover ratio is presently 2.2 days. Currently, 0.3% of the company’s stock are sold short.

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

FMAY opened at $56.03 on Wednesday. The stock has a market capitalization of $1.05 billion, a PE ratio of 23.87 and a beta of 0.57. The firm’s fifty day moving average price is $56.06 and its 200 day moving average price is $54.74. FT Vest U.S. Equity Buffer ETF – May has a 12-month low of $50.23 and a 12-month high of $56.65.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Cetera Investment Advisers grew its stake in shares of FT Vest U.S. Equity Buffer ETF – May by 26.8% in the fourth quarter. Cetera Investment Advisers now owns 253,019 shares of the company’s stock worth $13,524,000 after purchasing an additional 53,495 shares in the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of FT Vest U.S. Equity Buffer ETF – May by 35.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 164,678 shares of the company’s stock worth $8,802,000 after purchasing an additional 42,895 shares in the last quarter. Assetmark Inc. lifted its position in shares of FT Vest U.S. Equity Buffer ETF – May by 15.9% during the 4th quarter. Assetmark Inc. now owns 242,038 shares of the company’s stock valued at $12,937,000 after acquiring an additional 33,136 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of FT Vest U.S. Equity Buffer ETF – May during the second quarter valued at $1,147,000. Finally, Susquehanna International Group LLP acquired a new position in shares of FT Vest U.S. Equity Buffer ETF – May in the third quarter worth about $1,016,000.

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

The FT Cboe Vest U.S. Equity Buffer ETF – May (FMAY) 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. FMAY was launched on May 15, 2020 and is managed by First Trust.