First Trust BuyWrite Income ETF (NASDAQ:FTHI) Short Interest Update

First Trust BuyWrite Income ETF (NASDAQ:FTHI) was the recipient of a large decline in short interest during the month of February. As of February 13th, there was short interest totaling 65,781 shares, a decline of 57.6% from the January 29th total of 155,291 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 680,381 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 680,381 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

First Trust BuyWrite Income ETF Price Performance

Shares of FTHI stock traded down $0.16 on Friday, hitting $23.67. The stock had a trading volume of 676,070 shares, compared to its average volume of 775,589. The business has a 50 day moving average of $23.82 and a 200 day moving average of $23.66. First Trust BuyWrite Income ETF has a 12-month low of $19.07 and a 12-month high of $24.18. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 25.34 and a beta of 0.64.

First Trust BuyWrite Income ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were paid a $0.177 dividend. The ex-dividend date was Friday, February 20th. This represents a c) annualized dividend and a yield of 9.0%.

Hedge Funds Weigh In On First Trust BuyWrite Income ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Global Retirement Partners LLC increased its position in shares of First Trust BuyWrite Income ETF by 15.4% during the fourth quarter. Global Retirement Partners LLC now owns 3,783 shares of the company’s stock valued at $89,000 after acquiring an additional 504 shares during the last quarter. Novem Group increased its position in shares of First Trust BuyWrite Income ETF by 5.0% during the 4th quarter. Novem Group now owns 11,569 shares of the company’s stock valued at $273,000 after purchasing an additional 552 shares during the last quarter. Sanctuary Advisors LLC increased its position in shares of First Trust BuyWrite Income ETF by 2.1% during the 4th quarter. Sanctuary Advisors LLC now owns 27,938 shares of the company’s stock valued at $660,000 after purchasing an additional 584 shares during the last quarter. Private Client Services LLC raised its stake in shares of First Trust BuyWrite Income ETF by 3.9% during the 3rd quarter. Private Client Services LLC now owns 16,080 shares of the company’s stock worth $381,000 after purchasing an additional 597 shares during the period. Finally, GPS Wealth Strategies Group LLC boosted its holdings in shares of First Trust BuyWrite Income ETF by 7.3% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 8,948 shares of the company’s stock worth $212,000 after buying an additional 611 shares during the last quarter.

About First Trust BuyWrite Income ETF

The First Trust BuyWrite Income ETF (FTHI) is an exchange-traded fund that is based on the S&P 500 index. The fund is an actively managed portfolio of US-listed stocks, with an overlay of short calls on the S&P 500. FTHI was launched on Jan 6, 2014 and is managed by First Trust.