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

FT Vest Buffered Allocation Growth ETF (BATS:BUFG) was the recipient of a significant drop in short interest in April. As of April 30th, there was short interest totaling 11,341 shares, a drop of 58.9% from the April 15th total of 27,625 shares. Based on an average daily trading volume, of 22,613 shares, the short-interest ratio is presently 0.5 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. bought a new position in shares of FT Vest Buffered Allocation Growth ETF in the third quarter valued at $101,000. Arkadios Wealth Advisors raised its holdings in shares of FT Vest Buffered Allocation Growth ETF by 44.6% in the third quarter. Arkadios Wealth Advisors now owns 12,166 shares of the company’s stock valued at $328,000 after purchasing an additional 3,750 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of 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 valued at $370,000 after purchasing an additional 3,408 shares during the last quarter. American Trust raised its holdings in shares of FT Vest Buffered Allocation Growth ETF by 2.4% in the fourth quarter. American Trust now owns 18,942 shares of the company’s stock valued at $521,000 after purchasing an additional 448 shares during the last quarter. Finally, Farther Finance Advisors LLC purchased a new stake in shares of FT Vest Buffered Allocation Growth ETF in the fourth quarter valued at about $525,000.

FT Vest Buffered Allocation Growth ETF Trading Up 0.3%

FT Vest Buffered Allocation Growth ETF stock opened at $29.08 on Friday. FT Vest Buffered Allocation Growth ETF has a 1-year low of $24.25 and a 1-year high of $29.10. The firm has a market capitalization of $305.34 million, a price-to-earnings ratio of 25.02 and a beta of 0.69. The firm’s fifty day moving average price is $27.76 and its two-hundred day moving average price is $27.59.

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.