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) was the recipient of a significant 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. Approximately 4.6% of the shares of the company are short sold. Based on an average trading volume of 43,231 shares, the short-interest ratio is currently 7.9 days.

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

Shares of GNOV stock traded down $0.01 on Monday, reaching $41.31. The company’s stock had a trading volume of 3,529 shares, compared to its average volume of 14,591. The stock’s 50 day simple moving average is $39.85 and its 200-day simple moving average is $39.54. FT Vest U.S. Equity Moderate Buffer ETF – November has a 12-month low of $34.98 and a 12-month high of $41.38. The company has a market capitalization of $309.83 million, a P/E ratio of 24.84 and a beta of 0.34.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. bought a new stake in shares of FT Vest U.S. Equity Moderate Buffer ETF – November in the 1st quarter worth approximately $857,000. Gallagher Fiduciary Advisors LLC purchased a new stake in FT Vest U.S. Equity Moderate Buffer ETF – November during the 2nd quarter valued at $208,000. Geneos Wealth Management Inc. raised its stake 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 valued at $150,000 after buying an additional 1,000 shares during the last quarter. LVZ Inc. purchased a new stake in FT Vest U.S. Equity Moderate Buffer ETF – November during the 3rd quarter valued at $202,000. Finally, NorthCrest Asset Manangement LLC increased its position in FT Vest U.S. Equity Moderate Buffer ETF – November by 74.6% in the third quarter. NorthCrest Asset Manangement LLC now owns 13,201 shares of the company’s stock worth $503,000 after buying an additional 5,642 shares in the last quarter.

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.