FT Vest U.S. Equity Buffer ETF – January (BATS:FJAN) Sees Large Growth in Short Interest

FT Vest U.S. Equity Buffer ETF – January (BATS:FJAN) was the target of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 78,282 shares, a growth of 1,641.1% from the May 14th total of 4,496 shares. Based on an average daily trading volume, of 19,346 shares, the short-interest ratio is currently 4.0 days. Currently, 0.3% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of FJAN. MAI Capital Management bought a new stake in FT Vest U.S. Equity Buffer ETF – January in the 3rd quarter valued at about $46,000. Geneos Wealth Management Inc. bought a new stake in FT Vest U.S. Equity Buffer ETF – January in the 1st quarter valued at about $48,000. Triumph Capital Management bought a new stake in FT Vest U.S. Equity Buffer ETF – January in the 3rd quarter valued at about $150,000. Valtinson Bruner Financial Planning LLC bought a new stake in FT Vest U.S. Equity Buffer ETF – January in the 4th quarter valued at about $204,000. Finally, First National Bank of Omaha bought a new stake in FT Vest U.S. Equity Buffer ETF – January in the 4th quarter valued at about $207,000.

FT Vest U.S. Equity Buffer ETF – January Stock Performance

Shares of BATS FJAN traded down $0.10 during midday trading on Tuesday, hitting $54.58. The company’s stock had a trading volume of 19,745 shares, compared to its average volume of 64,900. FT Vest U.S. Equity Buffer ETF – January has a 1-year low of $46.25 and a 1-year high of $55.35. The firm’s fifty day moving average price is $53.52 and its 200-day moving average price is $52.28. The firm has a market cap of $1.22 billion, a P/E ratio of 24.79 and a beta of 0.57.

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

The FT Cboe Vest U.S. Equity Buffer ETF – January (FJAN) is an exchange-traded fund that is based on the SPDR S&P 500 ETF Trust index. The fund aims for specific buffered losses and capped gains on SPY ETF over a specific holdings period. The actively-managed fund holds options and collateral. FJAN was launched on Jan 15, 2021 and is managed by First Trust.