FT Vest Buffered Allocation Growth ETF (BATS:BUFG) Sees Significant Increase in Short Interest

FT Vest Buffered Allocation Growth ETF (BATS:BUFG) was the target of a significant increase in short interest in May. As of May 29th, there was short interest totaling 41,690 shares, an increase of 94.4% from the May 14th total of 21,444 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average trading volume of 28,818 shares, the short-interest ratio is currently 1.4 days.

Institutional Trading of FT Vest Buffered Allocation Growth ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC purchased a new stake in shares of FT Vest Buffered Allocation Growth ETF in the fourth quarter worth approximately $525,000. American Trust raised its stake 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 worth $521,000 after purchasing an additional 448 shares during the last quarter. Arkadios Wealth Advisors raised its stake in shares of FT Vest Buffered Allocation Growth ETF by 497.7% in the fourth quarter. Arkadios Wealth Advisors now owns 72,711 shares of the company’s stock worth $2,001,000 after purchasing an additional 60,545 shares during the last quarter. Janney Montgomery Scott LLC raised its stake 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 worth $370,000 after purchasing an additional 3,408 shares during the last quarter. Finally, JPMorgan Chase & Co. purchased a new stake in shares of FT Vest Buffered Allocation Growth ETF in the third quarter worth approximately $101,000.

FT Vest Buffered Allocation Growth ETF Stock Performance

Shares of BATS:BUFG opened at $29.11 on Friday. The business’s 50 day simple moving average is $28.61 and its two-hundred day simple moving average is $27.89. The firm has a market cap of $305.66 million, a P/E ratio of 25.02 and a beta of 0.69. FT Vest Buffered Allocation Growth ETF has a 52-week low of $24.85 and a 52-week high of $29.50.

About FT Vest Buffered Allocation Growth ETF

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.