Short Interest in FT Vest U.S. Equity Max Buffer ETF – May (BATS:MAYM) Expands By 131.6%

FT Vest U.S. Equity Max Buffer ETF – May (BATS:MAYM) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 6,653 shares, an increase of 131.6% from the April 30th total of 2,873 shares. Based on an average daily trading volume, of 9,474 shares, the days-to-cover ratio is presently 0.7 days. Currently, 1.2% of the shares of the stock are short sold.

Institutional Investors Weigh In On FT Vest U.S. Equity Max Buffer ETF – May

Several hedge funds and other institutional investors have recently made changes to their positions in MAYM. Maia Wealth LLC bought a new stake in shares of FT Vest U.S. Equity Max Buffer ETF – May during the 3rd quarter valued at approximately $2,901,000. IMC Chicago LLC bought a new stake in shares of FT Vest U.S. Equity Max Buffer ETF – May during the 4th quarter valued at approximately $1,362,000. Jane Street Group LLC bought a new stake in shares of FT Vest U.S. Equity Max Buffer ETF – May during the 2nd quarter valued at approximately $724,000. Captrust Financial Advisors bought a new stake in shares of FT Vest U.S. Equity Max Buffer ETF – May during the 2nd quarter valued at approximately $665,000. Finally, Wells Fargo & Company MN bought a new stake in shares of FT Vest U.S. Equity Max Buffer ETF – May during the 4th quarter valued at approximately $354,000.

FT Vest U.S. Equity Max Buffer ETF – May Price Performance

MAYM stock opened at $32.97 on Monday. FT Vest U.S. Equity Max Buffer ETF – May has a 12 month low of $30.87 and a 12 month high of $33.13. The company’s 50-day moving average price is $32.64 and its two-hundred day moving average price is $32.36.

FT Vest U.S. Equity Max Buffer ETF – May Company Profile

First Trust Exchange-Traded Fund VIII – FT Vest U.S. Equity Max Buffer ETF – May is an exchange traded fund launched and managed by First Trust Advisors LP. The fund is co-managed by Vest Financial LLC. It invests in public equity markets of the United States. The fund invests through derivatives in stocks of companies operating across diversified sectors. It uses derivatives such as FLexible EXchange Options that reference the price performance of the SPDR S&P 500 ETF Trust to create its portfolio.