FT Vest U.S. Equity Quarterly Max Buffer ETF (BATS:SQMX) Short Interest Down 57.9% in May

FT Vest U.S. Equity Quarterly Max Buffer ETF (BATS:SQMX) was the target of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 15,546 shares, a drop of 57.9% from the May 14th total of 36,932 shares. Based on an average daily volume of 4,099 shares, the days-to-cover ratio is currently 3.8 days. Currently, 12.4% of the company’s shares are sold short.

Hedge Funds Weigh In On FT Vest U.S. Equity Quarterly Max Buffer ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Hollencrest Capital Management acquired a new position in shares of FT Vest U.S. Equity Quarterly Max Buffer ETF in the 1st quarter valued at $46,000. Osaic Holdings Inc. purchased a new stake in FT Vest U.S. Equity Quarterly Max Buffer ETF in the 2nd quarter worth about $79,000. Kestra Advisory Services LLC purchased a new stake in FT Vest U.S. Equity Quarterly Max Buffer ETF in the 4th quarter worth about $155,000. Cresset Asset Management LLC purchased a new stake in FT Vest U.S. Equity Quarterly Max Buffer ETF in the 2nd quarter worth about $200,000. Finally, Legacy Wealth Managment LLC ID lifted its stake in FT Vest U.S. Equity Quarterly Max Buffer ETF by 13.8% in the 4th quarter. Legacy Wealth Managment LLC ID now owns 6,133 shares of the company’s stock worth $205,000 after acquiring an additional 743 shares in the last quarter.

FT Vest U.S. Equity Quarterly Max Buffer ETF Trading Up 0.1%

BATS:SQMX opened at $34.13 on Friday. FT Vest U.S. Equity Quarterly Max Buffer ETF has a 1-year low of $31.47 and a 1-year high of $34.26. The stock has a fifty day simple moving average of $33.89 and a 200 day simple moving average of $33.55.

About FT Vest U.S. Equity Quarterly Max Buffer ETF

The FT Vest U.S. Equity Quarterly Max Buffer ETF (SQMX) is an exchange-traded fund that mostly invests in large cap equity. The fund aims to deliver returns that match the SPDR S&P 500 ETF Trust price performance up to a set upside cap, while providing a dynamic buffer of 5% or 7.5% against losses over a three-month period. The fund employs FLEX options to implement this strategy and resets its cap and buffer each quarter. SQMX was launched on Dec 20, 2024 and is issued by First Trust.