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

FT Vest U.S. Equity Moderate Buffer ETF – November (BATS:GNOV) was the target of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 6,124 shares, a drop of 73.7% from the May 14th total of 23,310 shares. Based on an average daily volume of 9,947 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Trading of FT Vest U.S. Equity Moderate Buffer ETF – November

Several hedge funds have recently added to or reduced their stakes in the company. Cornerstone Wealth LLC TN acquired a new stake in FT Vest U.S. Equity Moderate Buffer ETF – November in the first quarter valued at approximately $216,000. Sigma Planning Corp raised its holdings in FT Vest U.S. Equity Moderate Buffer ETF – November by 1.0% in the first quarter. Sigma Planning Corp now owns 36,982 shares of the company’s stock valued at $1,440,000 after acquiring an additional 358 shares in the last quarter. Kestra Advisory Services LLC raised its holdings in FT Vest U.S. Equity Moderate Buffer ETF – November by 6.1% in the first quarter. Kestra Advisory Services LLC now owns 249,590 shares of the company’s stock valued at $9,719,000 after acquiring an additional 14,407 shares in the last quarter. Brookstone Capital Management raised its holdings in FT Vest U.S. Equity Moderate Buffer ETF – November by 64.0% in the first quarter. Brookstone Capital Management now owns 10,735 shares of the company’s stock valued at $418,000 after acquiring an additional 4,188 shares in the last quarter. Finally, Founders Financial Securities LLC raised its holdings in FT Vest U.S. Equity Moderate Buffer ETF – November by 14.3% in the first quarter. Founders Financial Securities LLC now owns 42,288 shares of the company’s stock valued at $1,690,000 after acquiring an additional 5,295 shares in the last quarter.

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

Shares of BATS GNOV traded up $0.04 during midday trading on Friday, hitting $41.50. The company’s stock had a trading volume of 1,507 shares, compared to its average volume of 13,420. The business’s fifty day simple moving average is $40.91 and its two-hundred day simple moving average is $40.08. FT Vest U.S. Equity Moderate Buffer ETF – November has a 1 year low of $35.58 and a 1 year high of $41.81. The firm has a market capitalization of $311.25 million, a price-to-earnings ratio of 24.84 and a beta of 0.34.

FT Vest U.S. Equity Moderate Buffer ETF – November Company Profile

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.