FT Vest U.S. Equity Buffer ETF – October (BATS:FOCT) Sees Large Drop in Short Interest

FT Vest U.S. Equity Buffer ETF – October (BATS:FOCT) was the recipient of a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 19,031 shares, a decrease of 70.9% from the April 30th total of 65,411 shares. Based on an average trading volume of 13,577 shares, the short-interest ratio is currently 1.4 days. Currently, 0.1% of the company’s stock are sold short.

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

FOCT stock opened at $52.22 on Friday. FT Vest U.S. Equity Buffer ETF – October has a fifty-two week low of $42.88 and a fifty-two week high of $52.23. The business’s 50 day moving average price is $50.00 and its two-hundred day moving average price is $49.32. The company has a market capitalization of $998.97 million, a price-to-earnings ratio of 24.45 and a beta of 0.62.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. O Shaughnessy Asset Management LLC purchased a new position in shares of FT Vest U.S. Equity Buffer ETF – October during the 4th quarter worth approximately $56,000. JPMorgan Chase & Co. purchased a new position in shares of FT Vest U.S. Equity Buffer ETF – October during the 3rd quarter worth approximately $98,000. Fifth Third Bancorp purchased a new position in shares of FT Vest U.S. Equity Buffer ETF – October during the 4th quarter worth approximately $116,000. Sunbelt Securities Inc. grew its holdings in shares of FT Vest U.S. Equity Buffer ETF – October by 20.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 2,997 shares of the company’s stock worth $142,000 after acquiring an additional 500 shares during the period. Finally, Sound Income Strategies LLC purchased a new position in shares of FT Vest U.S. Equity Buffer ETF – October during the 4th quarter worth approximately $195,000.

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.