FT Vest U.S. Equity Moderate Buffer ETF – May (BATS:GMAY) Stock Short Interest Declines 50.1%

FT Vest U.S. Equity Moderate Buffer ETF – May (BATS:GMAY) saw a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 16,663 shares, a decline of 50.1% from the August 31st total of 33,360 shares. Based on an average daily trading volume, of 14,271 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.2% of the company’s shares are short sold.

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

Hedge funds have recently modified their holdings of the company. Envestnet Asset Management Inc. lifted its holdings in 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 worth $22,124,000 after buying an additional 477,587 shares during the period. POM Investment Strategies LLC purchased a new position in shares of FT Vest U.S. Equity Moderate Buffer ETF – May during the 2nd quarter worth approximately $7,208,000. BAM Wealth Management LLC purchased a new position in shares of FT Vest U.S. Equity Moderate Buffer ETF – May during the 2nd quarter worth approximately $4,328,000. Schulz Wealth LTD. bought a new position in shares of FT Vest U.S. Equity Moderate Buffer ETF – May in the 2nd quarter worth approximately $2,137,000. Finally, Kestra Advisory Services LLC raised its position in shares of FT Vest U.S. Equity Moderate Buffer ETF – May by 15.0% in the 1st quarter. Kestra Advisory Services LLC now owns 201,100 shares of the company’s stock worth $8,257,000 after acquiring an additional 26,214 shares in the last quarter.

FT Vest U.S. Equity Moderate Buffer ETF – May Stock Down 0.4%

BATS:GMAY opened at $43.93 on Tuesday. The firm has a market capitalization of $354.95 million, a P/E ratio of 24.47 and a beta of 0.47. The company has a fifty day moving average of $43.70 and a 200 day moving average of $42.87. FT Vest U.S. Equity Moderate Buffer ETF – May has a 52 week low of $40.21 and a 52 week high of $44.99.

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.