Short Interest in FT Vest U.S. Equity Buffer ETF – October (BATS:FOCT) Drops By 37.5%

FT Vest U.S. Equity Buffer ETF – October (BATS:FOCT) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 15,816 shares, a drop of 37.5% from the August 15th total of 25,325 shares. Based on an average trading volume of 11,434 shares, the short-interest ratio is presently 1.4 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Money Concepts Capital Corp bought a new stake in FT Vest U.S. Equity Buffer ETF – October during the first quarter valued at about $203,000. Prospera Financial Services Inc boosted its stake in shares of FT Vest U.S. Equity Buffer ETF – October by 8.2% in the fourth quarter. Prospera Financial Services Inc now owns 6,593 shares of the company’s stock worth $323,000 after acquiring an additional 500 shares during the period. WealthTrust Asset Management LLC boosted its stake in shares of FT Vest U.S. Equity Buffer ETF – October by 50.2% in the first quarter. WealthTrust Asset Management LLC now owns 6,837 shares of the company’s stock worth $326,000 after acquiring an additional 2,286 shares during the period. Gateway Wealth Partners LLC purchased a new stake in shares of FT Vest U.S. Equity Buffer ETF – October during the first quarter worth about $345,000. Finally, Signature Estate & Investment Advisors LLC grew its position in shares of FT Vest U.S. Equity Buffer ETF – October by 19.9% during the fourth quarter. Signature Estate & Investment Advisors LLC now owns 7,627 shares of the company’s stock worth $374,000 after purchasing an additional 1,264 shares in the last quarter.

FT Vest U.S. Equity Buffer ETF – October Price Performance

FOCT opened at $53.56 on Wednesday. The firm has a market cap of $1.02 billion, a P/E ratio of 24.45 and a beta of 0.62. FT Vest U.S. Equity Buffer ETF – October has a 1-year low of $46.63 and a 1-year high of $54.06. The company has a 50 day simple moving average of $53.17 and a two-hundred day simple moving average of $51.41.

FT Vest U.S. Equity Buffer ETF – October Company Profile

The FT Cboe Vest U.S. Equity Buffer ETF – October (FOCT) is an exchange-traded fund that mostly invests in large cap equity. The fund aims for specific buffered losses and capped gains on the SPY over a specific holdings period. The actively-managed fund holds options and collateral. FOCT was launched on Oct 16, 2020 and is managed by First Trust.