FT Vest Laddered Deep Buffer ETF (BATS:BUFD) Sees Large Drop in Short Interest

FT Vest Laddered Deep Buffer ETF (BATS:BUFD) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 61,021 shares, a drop of 69.3% from the April 30th total of 198,584 shares. Based on an average daily volume of 274,231 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

FT Vest Laddered Deep Buffer ETF Stock Performance

FT Vest Laddered Deep Buffer ETF stock opened at $29.70 on Friday. FT Vest Laddered Deep Buffer ETF has a 52 week low of $25.29 and a 52 week high of $29.72. The stock has a market capitalization of $1.48 billion, a P/E ratio of 24.83 and a beta of 0.41. The stock has a 50-day simple moving average of $28.87 and a 200 day simple moving average of $28.46.

Hedge Funds Weigh In On FT Vest Laddered Deep Buffer ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of BUFD. Parallel Advisors LLC bought a new position in FT Vest Laddered Deep Buffer ETF during the fourth quarter worth about $36,000. MN Wealth Advisors LLC acquired a new stake in FT Vest Laddered Deep Buffer ETF during the fourth quarter worth approximately $258,000. Prime Capital Investment Advisors LLC acquired a new stake in FT Vest Laddered Deep Buffer ETF during the fourth quarter worth approximately $376,000. CoreCap Advisors LLC lifted its position in FT Vest Laddered Deep Buffer ETF by 34.8% during the fourth quarter. CoreCap Advisors LLC now owns 16,066 shares of the company’s stock worth $454,000 after acquiring an additional 4,147 shares during the last quarter. Finally, Private Trust Co. NA lifted its position in FT Vest Laddered Deep Buffer ETF by 26.0% during the fourth quarter. Private Trust Co. NA now owns 17,181 shares of the company’s stock worth $485,000 after acquiring an additional 3,549 shares during the last quarter.

FT Vest Laddered Deep Buffer ETF Company Profile

The FT Cboe Vest Fund of Deep Buffer ETFs (BUFD) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively-managed fund-of-funds that holds a laddered portfolio of FT Cboe Vest U.S. Equity Deep Buffer ETFs. BUFD was launched on Jan 20, 2021 and is managed by First Trust.