FT Vest U.S. Equity Quarterly Max Buffer ETF (BATS:SQMX) Stock Short Interest Declines 38.2%

FT Vest U.S. Equity Quarterly Max Buffer ETF (BATS:SQMX) was the recipient of a large drop in short interest in October. As of October 15th, there was short interest totaling 6,489 shares, a drop of 38.2% from the September 30th total of 10,492 shares. Based on an average trading volume of 15,967 shares, the days-to-cover ratio is currently 0.4 days. Currently, 5.2% of the shares of the stock are short sold.

FT Vest U.S. Equity Quarterly Max Buffer ETF Price Performance

Shares of SQMX opened at $34.85 on Friday. The firm has a 50 day simple moving average of $34.85 and a 200-day simple moving average of $34.12. FT Vest U.S. Equity Quarterly Max Buffer ETF has a 1-year low of $32.53 and a 1-year high of $35.11.

Institutional Trading of FT Vest U.S. Equity Quarterly Max Buffer ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Hollencrest Capital Management acquired a new position in FT Vest U.S. Equity Quarterly Max Buffer ETF in the 1st quarter valued at $46,000. Atlantic Private Wealth LLC acquired a new stake in FT Vest U.S. Equity Quarterly Max Buffer ETF in the 2nd quarter worth about $68,000. CoreCap Advisors LLC grew its holdings in FT Vest U.S. Equity Quarterly Max Buffer ETF by 1.2% in the 3rd quarter. CoreCap Advisors LLC now owns 378,054 shares of the company’s stock valued at $13,177,000 after buying an additional 4,662 shares during the period. Envestnet Asset Management Inc. purchased a new stake in FT Vest U.S. Equity Quarterly Max Buffer ETF in the 2nd quarter valued at about $446,000. Finally, Cetera Investment Advisers grew its holdings in FT Vest U.S. Equity Quarterly Max Buffer ETF by 13.1% in the 1st quarter. Cetera Investment Advisers now owns 242,410 shares of the company’s stock valued at $8,071,000 after buying an additional 28,160 shares during the period.

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.