FT Vest U.S. Equity Moderate Buffer ETF – May (BATS:GMAY – Get Free Report) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 10,085 shares, an increase of 916.6% from the September 30th total of 992 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 13,476 shares, the days-to-cover ratio is presently 0.7 days.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of GMAY. Park Avenue Securities LLC bought a new position in FT Vest U.S. Equity Moderate Buffer ETF – May in the third quarter valued at about $536,000. Madrona Financial Services LLC bought a new stake in shares of FT Vest U.S. Equity Moderate Buffer ETF – May in the third quarter worth about $564,000. Sowell Financial Services LLC bought a new position in FT Vest U.S. Equity Moderate Buffer ETF – May during the third quarter valued at $1,405,000. Brookstone Capital Management bought a new stake in shares of FT Vest U.S. Equity Moderate Buffer ETF – May in the 3rd quarter valued at approximately $1,244,000. Finally, Diligent Investors LLC purchased a new position in FT Vest U.S. Equity Moderate Buffer ETF – May during the third quarter worth $747,000.
FT Vest U.S. Equity Moderate Buffer ETF – May Stock Up 0.3%
Shares of GMAY stock traded up $0.14 during mid-day trading on Monday, reaching $44.06. 6,985 shares of the company’s stock traded hands, compared to its average volume of 62,610. FT Vest U.S. Equity Moderate Buffer ETF – May has a 12 month low of $40.22 and a 12 month high of $44.99. The company’s 50-day moving average price is $43.97 and its 200-day moving average price is $42.69. The company has a market cap of $356.00 million, a P/E ratio of 24.47 and a beta of 0.47.
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.
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