FT Vest U.S. Equity Moderate Buffer ETF – May (BATS:GMAY) Shares Shorted: Short Interest Up 916.6% in October

FT Vest U.S. Equity Moderate Buffer ETF – May (BATS:GMAY) was the target of a large growth in short interest in October. As of October 15th, there was short interest totaling 10,085 shares, a growth of 916.6% from the September 30th total of 992 shares. Based on an average daily volume of 13,476 shares, the short-interest ratio is currently 0.7 days. Currently, 0.1% of the company’s stock are sold short.

FT Vest U.S. Equity Moderate Buffer ETF – May Stock Performance

Shares of GMAY opened at $44.19 on Wednesday. The stock has a 50 day simple moving average of $43.98 and a 200 day simple moving average of $42.72. FT Vest U.S. Equity Moderate Buffer ETF – May has a 52-week low of $40.22 and a 52-week high of $44.99. The firm has a market capitalization of $357.06 million, a PE ratio of 24.47 and a beta of 0.47.

Institutional Trading of FT Vest U.S. Equity Moderate Buffer ETF – May

Several hedge funds have recently bought and sold shares of GMAY. Envestnet Asset Management Inc. boosted its holdings in shares of FT Vest U.S. Equity Moderate Buffer ETF – May by 1,310.6% in the second quarter. Envestnet Asset Management Inc. now owns 514,026 shares of the company’s stock valued at $22,124,000 after buying an additional 477,587 shares during the period. POM Investment Strategies LLC bought a new stake in shares of FT Vest U.S. Equity Moderate Buffer ETF – May during the second quarter worth $7,208,000. BAM Wealth Management LLC bought a new stake in shares of FT Vest U.S. Equity Moderate Buffer ETF – May during the second quarter worth $4,328,000. Schulz Wealth LTD. acquired a new stake in shares of FT Vest U.S. Equity Moderate Buffer ETF – May during the second quarter worth $2,137,000. Finally, Sowell Financial Services LLC acquired a new stake in shares of FT Vest U.S. Equity Moderate Buffer ETF – May during the third quarter worth $1,405,000.

About FT Vest U.S. Equity Moderate Buffer ETF – May

The FT Cboe Vest U.S. Equity Moderate Buffer ETF – May (GMAY) is an exchange-traded fund that mostly invests in large cap equity. The fund aims for specific buffered losses and capped gains on the SPDR S&P 500 ETF Trust over a specific holdings period. The actively managed fund holds options and collateral. GMAY was launched on May 19, 2023 and is managed by First Trust.