FT Vest Gold Strategy Quarterly Buffer ETF (BATS:BGLD) Sees Large Increase in Short Interest

FT Vest Gold Strategy Quarterly Buffer ETF (BATS:BGLD) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 91,236 shares, a growth of 358.1% from the July 30th total of 19,915 shares. Approximately 2.6% of the shares of the company are short sold. Based on an average daily volume of 49,465 shares, the days-to-cover ratio is currently 1.8 days.

FT Vest Gold Strategy Quarterly Buffer ETF Stock Down 1.6%

Shares of BGLD stock opened at $17.55 on Thursday. FT Vest Gold Strategy Quarterly Buffer ETF has a one year low of $16.11 and a one year high of $25.34. The stock has a fifty day moving average price of $16.66 and a 200 day moving average price of $17.18.

Hedge Funds Weigh In On FT Vest Gold Strategy Quarterly Buffer ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. NewEdge Advisors LLC bought a new stake in FT Vest Gold Strategy Quarterly Buffer ETF in the fourth quarter valued at about $113,000. Kestra Advisory Services LLC bought a new stake in shares of FT Vest Gold Strategy Quarterly Buffer ETF in the 4th quarter valued at approximately $141,000. Csenge Advisory Group raised its holdings in shares of FT Vest Gold Strategy Quarterly Buffer ETF by 7.4% in the 4th quarter. Csenge Advisory Group now owns 10,772 shares of the company’s stock worth $184,000 after buying an additional 742 shares in the last quarter. Compass Capital Corp MA ADV bought a new position in shares of FT Vest Gold Strategy Quarterly Buffer ETF during the 4th quarter worth approximately $236,000. Finally, Kovack Advisors Inc. bought a new position in shares of FT Vest Gold Strategy Quarterly Buffer ETF during the 4th quarter worth approximately $239,000.

About FT Vest Gold Strategy Quarterly Buffer ETF

The FT Cboe Vest Gold Tactical Buffer ETF (BGLD) is an exchange-traded fund that is based on the SPDR Gold Trust index. The fund aims for specific buffered losses and capped gains on SPDR Gold Trust ETF over a specific holdings period. The fund invests in US treasury bills, cash-like instruments and FLEX options through a wholly-owned subsidiary. BGLD was launched on Jan 20, 2021 and is managed by First Trust.