FT Vest Buffered Allocation Growth ETF (BATS:BUFG) Sees Significant Drop in Short Interest

FT Vest Buffered Allocation Growth ETF (BATS:BUFG) was the target of a large drop in short interest in June. As of June 30th, there was short interest totaling 13,057 shares, a drop of 63.9% from the June 15th total of 36,162 shares. Based on an average trading volume of 36,465 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the company’s stock are short sold.

FT Vest Buffered Allocation Growth ETF Stock Performance

BATS BUFG opened at $29.51 on Monday. The business has a fifty day simple moving average of $29.13 and a 200 day simple moving average of $28.16. The firm has a market capitalization of $309.86 million, a P/E ratio of 25.02 and a beta of 0.69. FT Vest Buffered Allocation Growth ETF has a 12 month low of $25.62 and a 12 month high of $29.56.

Institutional Investors Weigh In On FT Vest Buffered Allocation Growth ETF

Hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. purchased a new position in shares of FT Vest Buffered Allocation Growth ETF in the 3rd quarter worth about $101,000. Janney Montgomery Scott LLC increased its position in FT Vest Buffered Allocation Growth ETF by 34.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 13,430 shares of the company’s stock worth $370,000 after buying an additional 3,408 shares during the last quarter. American Trust increased its holdings in FT Vest Buffered Allocation Growth ETF by 2.4% in the 4th quarter. American Trust now owns 18,942 shares of the company’s stock worth $521,000 after acquiring an additional 448 shares during the last quarter. Farther Finance Advisors LLC purchased a new position in shares of FT Vest Buffered Allocation Growth ETF in the fourth quarter worth about $525,000. Finally, Jaffetilchin Investment Partners LLC raised its holdings in FT Vest Buffered Allocation Growth ETF by 1.1% during the 4th quarter. Jaffetilchin Investment Partners LLC now owns 33,485 shares of the company’s stock valued at $922,000 after acquiring an additional 365 shares during the period.

FT Vest Buffered Allocation Growth ETF Company Profile

The FT Cboe Vest Buffered Allocation Growth ETF (BUFG) is an exchange-traded fund that is based on the SPDR S&P 500 ETF Trust index. The fund is an actively-managed fund-of-funds that allocates exposure to defined outcome buffer ETFs referencing the SPY. BUFG was launched on Oct 26, 2021 and is managed by First Trust.