First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Short Interest Down 50.5% in July

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) saw a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 38,447 shares, a decrease of 50.5% from the July 15th total of 77,620 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 490,685 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On First Trust NASDAQ BuyWrite Income ETF

Several large investors have recently modified their holdings of FTQI. Key Client Fiduciary Advisors LLC grew its position in shares of First Trust NASDAQ BuyWrite Income ETF by 11.1% in the second quarter. Key Client Fiduciary Advisors LLC now owns 19,170 shares of the company’s stock valued at $423,000 after purchasing an additional 1,919 shares during the last quarter. Tactive Advisors LLC boosted its stake in First Trust NASDAQ BuyWrite Income ETF by 3.8% in the 2nd quarter. Tactive Advisors LLC now owns 26,055 shares of the company’s stock valued at $576,000 after purchasing an additional 961 shares during the period. TrueWealth Advisors LLC acquired a new position in First Trust NASDAQ BuyWrite Income ETF in the 2nd quarter valued at $267,000. Western Wealth Management LLC increased its position in First Trust NASDAQ BuyWrite Income ETF by 5.7% during the 1st quarter. Western Wealth Management LLC now owns 14,183 shares of the company’s stock worth $283,000 after buying an additional 771 shares during the period. Finally, NewEdge Advisors LLC lifted its holdings in shares of First Trust NASDAQ BuyWrite Income ETF by 10.2% during the first quarter. NewEdge Advisors LLC now owns 58,172 shares of the company’s stock worth $1,159,000 after buying an additional 5,368 shares in the last quarter.

First Trust NASDAQ BuyWrite Income ETF Trading Up 0.2%

Shares of NASDAQ FTQI traded up $0.05 during mid-day trading on Monday, hitting $22.45. The company had a trading volume of 227,413 shares, compared to its average volume of 304,028. The firm has a 50-day simple moving average of $21.99 and a two-hundred day simple moving average of $21.25. The company has a market capitalization of $939.53 million, a PE ratio of 32.31 and a beta of 0.63. First Trust NASDAQ BuyWrite Income ETF has a one year low of $19.23 and a one year high of $22.46.

First Trust NASDAQ BuyWrite Income ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, July 21st were paid a dividend of $0.222 per share. This represents a c) annualized dividend and a dividend yield of 11.9%. The ex-dividend date was Tuesday, July 21st.

About First Trust NASDAQ BuyWrite Income ETF

The First Trust Nasdaq BuyWrite Income ETF (FTQI) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively-managed portfolio of US stocks, with an options overlay of short calls on the Nasdaq 100. FTQI was launched on Jan 6, 2014 and is managed by First Trust.