FT Vest Buffered Allocation Defensive ETF (BATS:BUFT) Sees Large Increase in Short Interest

FT Vest Buffered Allocation Defensive ETF (BATS:BUFT) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 43,329 shares, a growth of 67.8% from the July 15th total of 25,824 shares. Currently, 0.9% of the shares of the stock are short sold. Based on an average daily volume of 46,651 shares, the short-interest ratio is currently 0.9 days.

FT Vest Buffered Allocation Defensive ETF Stock Performance

Shares of FT Vest Buffered Allocation Defensive ETF stock opened at $26.27 on Tuesday. The firm has a market capitalization of $131.35 million, a PE ratio of 24.87 and a beta of 0.35. FT Vest Buffered Allocation Defensive ETF has a twelve month low of $23.87 and a twelve month high of $26.31. The firm’s 50-day moving average price is $25.99 and its 200 day moving average price is $25.47.

Hedge Funds Weigh In On FT Vest Buffered Allocation Defensive ETF

A hedge fund recently raised its position in FT Vest Buffered Allocation Defensive ETF stock. Arkadios Wealth Advisors grew its position in FT Vest Buffered Allocation Defensive ETF (BATS:BUFT) by 100.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 158,415 shares of the company’s stock after acquiring an additional 79,226 shares during the quarter. Arkadios Wealth Advisors owned about 3.17% of FT Vest Buffered Allocation Defensive ETF worth $3,930,000 as of its most recent SEC filing.

FT Vest Buffered Allocation Defensive ETF Company Profile

The FT Cboe Vest Buffered Allocation Defensive ETF (BUFT) is an exchange-traded fund that is based on the SPDR S&P 500 ETF Trust index. The fund is an actively-managed fund-of-funds that allocates exposure to defined outcome buffer ETFs referencing the SPY. BUFT was launched on Oct 26, 2021 and is managed by First Trust.