FT Vest U.S. Equity Buffer ETF – May (BATS:FMAY) Sees Large Decline in Short Interest

FT Vest U.S. Equity Buffer ETF – May (BATS:FMAY) was the recipient of a significant decline in short interest in 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. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 25,720 shares, the days-to-cover ratio is currently 2.2 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of FMAY. FOCUS Wealth Advisors LLC grew its position in shares of FT Vest U.S. Equity Buffer ETF – May by 1.8% during the 2nd quarter. FOCUS Wealth Advisors LLC now owns 488,824 shares of the company’s stock valued at $27,472,000 after buying an additional 8,504 shares during the last quarter. Assetmark Inc. lifted its holdings in FT Vest U.S. Equity Buffer ETF – May by 9.9% in the first quarter. Assetmark Inc. now owns 266,045 shares of the company’s stock worth $14,047,000 after acquiring an additional 24,007 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in FT Vest U.S. Equity Buffer ETF – May by 7.4% in the second quarter. Raymond James Financial Inc. now owns 253,436 shares of the company’s stock worth $12,679,000 after acquiring an additional 17,361 shares during the last quarter. Cetera Investment Advisers boosted its stake in 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 valued at $13,524,000 after acquiring an additional 53,495 shares during the period. Finally, Rockefeller Capital Management L.P. boosted its stake in FT Vest U.S. Equity Buffer ETF – May by 35.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 164,678 shares of the company’s stock valued at $8,802,000 after acquiring an additional 42,895 shares during the period.

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

FMAY stock opened at $56.08 on Friday. FT Vest U.S. Equity Buffer ETF – May has a 1-year low of $50.23 and a 1-year high of $56.65. The firm has a fifty day moving average price of $56.06 and a two-hundred day moving average price of $54.76. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 23.87 and a beta of 0.57.

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.