FT Vest U.S. Equity Moderate Buffer ETF – May (BATS:GMAY) Short Interest Up 108.7% in May

FT Vest U.S. Equity Moderate Buffer ETF – May (BATS:GMAY) was the target of a large increase in short interest in May. As of May 15th, there was short interest totaling 34,587 shares, an increase of 108.7% from the April 30th total of 16,574 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily volume of 280,762 shares, the days-to-cover ratio is presently 0.1 days.

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

GMAY stock opened at $43.17 on Tuesday. The company has a 50 day simple moving average of $42.17 and a 200 day simple moving average of $41.59. The stock has a market cap of $348.81 million, a price-to-earnings ratio of 24.47 and a beta of 0.47. FT Vest U.S. Equity Moderate Buffer ETF – May has a 1 year low of $38.06 and a 1 year high of $44.99.

Hedge Funds Weigh In On FT Vest U.S. Equity Moderate Buffer ETF – May

Institutional investors have recently added to or reduced their stakes in the stock. MBL Wealth LLC bought a new stake in FT Vest U.S. Equity Moderate Buffer ETF – May during the 4th quarter worth approximately $496,000. Savvy Advisors Inc. grew its holdings in FT Vest U.S. Equity Moderate Buffer ETF – May by 142.3% during the 4th quarter. Savvy Advisors Inc. now owns 34,498 shares of the company’s stock worth $1,425,000 after acquiring an additional 20,258 shares during the last quarter. Ballast Rock Private Wealth LLC bought a new stake in FT Vest U.S. Equity Moderate Buffer ETF – May during the 4th quarter worth approximately $1,476,000. Jane Street Group LLC bought a new stake in FT Vest U.S. Equity Moderate Buffer ETF – May during the 2nd quarter worth approximately $370,000. Finally, M Holdings Securities Inc. bought a new stake in FT Vest U.S. Equity Moderate Buffer ETF – May during the 4th quarter worth approximately $496,000.

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

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.