XOCT Stock Summary and Trading Ideas (FT Vest U.S. Equity Enhance & Moderate Buffer ETF - October | BATS:XOCT)

The investment objective of the FT Vest U.S. Equity Enhance & Moderate Buffer ETF - October (the "Fund") is to seek to provide investors with returns (before fees and expenses) of approximately twice any positive price return of the SPDR S&P 500 ETF Trust (the "Underlying ETF"), up to a predetermined upside cap of 12.80% while providing a buffer (before fees and expenses) against the first 15% of Underlying ETF losses, over the period from October 23, 2023 through October 18, 2024. Under normal market conditions, the Fund will invest substantially all of its assets in FLexible EXchange Options ("FLEX Options") that reference the price performance of the SPDR S&P 500 ETF Trust (the "Underlying ETF").

FT Vest U.S. Equity Enhance & Moderate Buffer ETF - October trades on the BATS stock market under the symbol XOCT.

As of December 13, 2024, XOCT stock price was flat at $34.46 with 1,067 million shares trading.

XOCT has a beta of 0.17, meaning it tends to be less sensitive to market movements. XOCT has a correlation of 0.60 to the broad based SPY ETF.

XOCT has a market cap of $67.19 million. This is considered a Micro Cap stock.

XOCT has underperformed the market in the last year with a price return of +8.2% while the SPY ETF gained +29.9%. XOCT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +1.9% and +0.1%, respectively, while the SPY returned +7.8% and +0.3%, respectively.

XOCT support price is $34.37 and resistance is $34.54 (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 XOCT shares will trade within this expected range on the day.