Short Interest in FT Vest U.S. Equity Quarterly Max Buffer ETF (BATS:SQMX) Declines By 78.6%

FT Vest U.S. Equity Quarterly Max Buffer ETF (BATS:SQMX) was the recipient of a large drop in short interest in July. As of July 15th, there was short interest totaling 11,145 shares, a drop of 78.6% from the June 30th total of 52,117 shares. Approximately 8.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 15,301 shares, the days-to-cover ratio is presently 0.7 days.

FT Vest U.S. Equity Quarterly Max Buffer ETF Trading Down 0.0%

BATS:SQMX opened at $34.19 on Friday. The stock has a 50 day moving average of $34.14 and a two-hundred day moving average of $33.77. FT Vest U.S. Equity Quarterly Max Buffer ETF has a 12 month low of $32.02 and a 12 month high of $34.37.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Hollencrest Capital Management purchased a new position in FT Vest U.S. Equity Quarterly Max Buffer ETF in the 1st quarter valued at $46,000. Osaic Holdings Inc. purchased a new stake in shares of FT Vest U.S. Equity Quarterly Max Buffer ETF during the second quarter worth $79,000. Kestra Advisory Services LLC acquired a new stake in shares of FT Vest U.S. Equity Quarterly Max Buffer ETF in the fourth quarter valued at about $155,000. Cresset Asset Management LLC acquired a new stake in shares of FT Vest U.S. Equity Quarterly Max Buffer ETF in the second quarter valued at about $200,000. Finally, Legacy Wealth Managment LLC ID lifted its stake in shares of FT Vest U.S. Equity Quarterly Max Buffer ETF by 13.8% in the fourth quarter. Legacy Wealth Managment LLC ID now owns 6,133 shares of the company’s stock worth $205,000 after buying an additional 743 shares in the last quarter.

About FT Vest U.S. Equity Quarterly Max Buffer ETF

The FT Vest U.S. Equity Quarterly Max Buffer ETF (SQMX) is an exchange-traded fund that mostly invests in large cap equity. The fund aims to deliver returns that match the SPDR S&P 500 ETF Trust price performance up to a set upside cap, while providing a dynamic buffer of 5% or 7.5% against losses over a three-month period. The fund employs FLEX options to implement this strategy and resets its cap and buffer each quarter. SQMX was launched on Dec 20, 2024 and is issued by First Trust.