FT Vest U.S. Equity Moderate Buffer ETF – May (BATS:GMAY) Sees Large Decrease in Short Interest

FT Vest U.S. Equity Moderate Buffer ETF – May (BATS:GMAY) was the recipient of a large drop in short interest in August. As of August 14th, there was short interest totaling 29,280 shares, a drop of 38.8% from the July 30th total of 47,827 shares. Based on an average daily trading volume, of 20,915 shares, the short-interest ratio is currently 1.4 days. Currently, 0.4% of the shares of the stock are sold short.

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

A number of institutional investors and hedge funds have recently modified their holdings of GMAY. Kestra Advisory Services LLC lifted its stake in 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 valued at $8,257,000 after buying an additional 26,214 shares in the last quarter. Ballast Rock Private Wealth LLC purchased 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 purchased a new stake in FT Vest U.S. Equity Moderate Buffer ETF – May during the 2nd quarter worth approximately $370,000. Gallagher Fiduciary Advisors LLC raised its holdings in shares of FT Vest U.S. Equity Moderate Buffer ETF – May by 20.1% during the second quarter. Gallagher Fiduciary Advisors LLC now owns 8,076 shares of the company’s stock valued at $316,000 after acquiring an additional 1,351 shares during the last quarter. Finally, NewEdge Advisors LLC acquired a new position in shares of FT Vest U.S. Equity Moderate Buffer ETF – May during the second quarter valued at approximately $258,000.

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

Shares of BATS GMAY opened at $43.85 on Tuesday. The firm has a market cap of $354.31 million, a PE ratio of 24.47 and a beta of 0.47. The firm has a fifty day moving average of $43.37 and a 200 day moving average of $42.54. FT Vest U.S. Equity Moderate Buffer ETF – May has a one year low of $39.73 and a one year 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.