FT Vest U.S. Equity Enhance & Moderate Buffer ETF – November (BATS:XNOV) Sees Significant Increase in Short Interest

FT Vest U.S. Equity Enhance & Moderate Buffer ETF – November (BATS:XNOV) was the target of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 4,039 shares, an increase of 107.7% from the May 14th total of 1,945 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 301 shares, the days-to-cover ratio is currently 13.4 days.

FT Vest U.S. Equity Enhance & Moderate Buffer ETF – November Price Performance

Shares of XNOV stock opened at $39.39 on Friday. The company has a market cap of $29.54 million, a price-to-earnings ratio of 24.94 and a beta of 0.24. The stock has a 50 day simple moving average of $38.93 and a 200-day simple moving average of $38.22. FT Vest U.S. Equity Enhance & Moderate Buffer ETF – November has a 1-year low of $34.89 and a 1-year high of $39.49.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in FT Vest U.S. Equity Enhance & Moderate Buffer ETF – November stock. Arkadios Wealth Advisors bought a new position in shares of FT Vest U.S. Equity Enhance & Moderate Buffer ETF – November (BATS:XNOV) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 8,548 shares of the company’s stock, valued at approximately $324,000. Arkadios Wealth Advisors owned 1.42% of FT Vest U.S. Equity Enhance & Moderate Buffer ETF – November at the end of the most recent reporting period.

FT Vest U.S. Equity Enhance & Moderate Buffer ETF – November Company Profile

The FT Vest U.S. Equity Enhance & Moderate Buffer ETF – November (XNOV) is an exchange-traded fund that mostly invests in large cap equity. The fund seeks to outperform the SPY ETF at about 2x positive price returns while aiming for specific buffered losses and capped gains over a one-year period. The actively managed fund holds options and collateral. XNOV was launched on Nov 17, 2023 and is issued by First Trust.