FAUG Stock Summary and Trading Ideas (FT Vest U.S. Equity Buffer ETF - August | BATS:FAUG)

The investment objective of the FT Vest U.S. Equity Buffer ETF - August is to seek to provide investors with returns (before fees, expenses and taxes) that match those of the SPDR S&P 500 ETF Trust, up to a predetermined upside cap of 8.60% (before fees, expenses and taxes) and 7.93% (after fees and expenses, excluding brokerage commissions, trading fees, taxes and extraordinary expenses not included in the Funds management fee ), while providing a buffer against the first 10% (before fees, expenses and taxes) of Underlying ETF losses, over the period from November 7, 2019 to August 21, 2020. Under normal market conditions, the Fund will invest substantially all of its assets in FLexible EXchange Options that reference the performance of the SPDR S&P 500 ETF Trust.

FT Vest U.S. Equity Buffer ETF - August trades on the BATS stock market under the symbol FAUG.

As of April 24, 2024, FAUG stock price climbed to $42.52 with 13,652 million shares trading.

FAUG has a beta of 0.70, meaning it tends to be less sensitive to market movements. FAUG has a correlation of 0.95 to the broad based SPY ETF.

FAUG has a market cap of $594.22 million. This is considered a Small Cap stock.

In the last 3 years, FAUG stock traded as high as $42.93 and as low as $32.22.

FAUG has underperformed the market in the last year with a return of +16.3%, while the SPY ETF gained +24.2%. In the last 3 month period, FAUG fell short of the market, returning +3.3%, while SPY returned +4.6%. However, in the most recent 2 weeks FAUG has outperformed the stock market by returning -0.6%, while SPY returned -2.7%.

FAUG support price is $42.23 and resistance is $42.65 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FAUG stock will trade within this expected range on the day.