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

FT Vest U.S. Equity Buffer ETF – March (BATS:FMAR) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totaling 17,495 shares, a drop of 56.0% from the August 15th total of 39,777 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 12,461 shares, the days-to-cover ratio is currently 1.4 days.

FT Vest U.S. Equity Buffer ETF – March Price Performance

Shares of FT Vest U.S. Equity Buffer ETF – March stock opened at $53.28 on Wednesday. FT Vest U.S. Equity Buffer ETF – March has a 1 year low of $46.07 and a 1 year high of $53.78. The firm has a market cap of $1.06 billion, a PE ratio of 23.86 and a beta of 0.59. The company has a 50 day simple moving average of $52.98 and a two-hundred day simple moving average of $51.41.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Integrity Alliance LLC. bought a new position in FT Vest U.S. Equity Buffer ETF – March during the fourth quarter valued at approximately $494,000. World Equity Group Inc. bought a new stake in shares of FT Vest U.S. Equity Buffer ETF – March in the 1st quarter worth approximately $572,000. Rockefeller Capital Management L.P. boosted its stake in shares of FT Vest U.S. Equity Buffer ETF – March by 350.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 104,788 shares of the company’s stock valued at $4,974,000 after purchasing an additional 81,515 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of FT Vest U.S. Equity Buffer ETF – March by 96.2% in the 1st quarter. Cetera Investment Advisers now owns 382,322 shares of the company’s stock valued at $18,539,000 after purchasing an additional 187,478 shares in the last quarter. Finally, Schulz Wealth LTD. bought a new position in shares of FT Vest U.S. Equity Buffer ETF – March during the 2nd quarter valued at $1,991,000.

FT Vest U.S. Equity Buffer ETF – March Company Profile

The FT Cboe Vest U.S. Equity Buffer ETF – March (FMAR) is an exchange-traded fund that is based on the SPDR S&P 500 ETF Trust index. The fund aims for specific buffered losses and capped gains on the SPY over a specific holding period. The actively-managed fund holds options and collateral. FMAR was launched on Mar 19, 2021 and is managed by First Trust.