FT Vest U.S. Small Cap Moderate Buffer ETF – May (BATS:SMAY) Stock Short Interest Drops 55.3%

FT Vest U.S. Small Cap Moderate Buffer ETF – May (BATS:SMAY) was the target of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 15,217 shares, a decrease of 55.3% from the August 31st total of 34,080 shares. Based on an average daily trading volume, of 2,132 shares, the short-interest ratio is presently 7.1 days. Approximately 0.4% of the company’s shares are sold short.

FT Vest U.S. Small Cap Moderate Buffer ETF – May Stock Performance

SMAY stock opened at $27.75 on Tuesday. The stock has a market capitalization of $113.77 million, a P/E ratio of 16.31 and a beta of 0.73. FT Vest U.S. Small Cap Moderate Buffer ETF – May has a one year low of $24.89 and a one year high of $28.86. The company has a 50 day moving average price of $28.33 and a two-hundred day moving average price of $27.68.

Institutional Investors Weigh In On FT Vest U.S. Small Cap Moderate Buffer ETF – May

Several hedge funds have recently made changes to their positions in SMAY. Quad Cities Investment Group LLC acquired a new position in FT Vest U.S. Small Cap Moderate Buffer ETF – May in the second quarter valued at $610,000. First Heartland Consultants Inc. lifted its position in FT Vest U.S. Small Cap Moderate Buffer ETF – May by 3.2% during the second quarter. First Heartland Consultants Inc. now owns 33,012 shares of the company’s stock worth $937,000 after buying an additional 1,012 shares during the period. Kestra Advisory Services LLC boosted its stake in FT Vest U.S. Small Cap Moderate Buffer ETF – May by 46.1% in the 1st quarter. Kestra Advisory Services LLC now owns 36,117 shares of the company’s stock worth $950,000 after buying an additional 11,393 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in FT Vest U.S. Small Cap Moderate Buffer ETF – May by 6.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 46,856 shares of the company’s stock worth $1,330,000 after buying an additional 2,892 shares during the last quarter.

About FT Vest U.S. Small Cap Moderate Buffer ETF – May

The FT Cboe Vest U.S. Small Cap Moderate Buffer ETF – May (SMAY) is an exchange-traded fund that mostly invests in small-cap stocks. The fund aims for specific buffered losses and capped gains on the iShares Russell 2000 ETF over a specific holdings period. The actively managed fund holds options and collateral. SMAY was launched on May 19, 2023 and is managed by First Trust.