First Trust Small Cap BuyWrite Income ETF (NYSEARCA:FTKI – Get Free Report) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 6,513 shares, an increase of 236.2% from the August 15th total of 1,937 shares. Based on an average trading volume of 6,207 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.5% of the shares of the company are short sold.
Institutional Investors Weigh In On First Trust Small Cap BuyWrite Income ETF
An institutional investor recently raised its stake in First Trust Small Cap BuyWrite Income ETF stock. Royal Bank of Canada increased its position in shares of First Trust Small Cap BuyWrite Income ETF (NYSEARCA:FTKI – Free Report) by 203.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 17,582 shares of the company’s stock after purchasing an additional 11,791 shares during the quarter. Royal Bank of Canada owned 1.53% of First Trust Small Cap BuyWrite Income ETF worth $340,000 as of its most recent filing with the SEC.
First Trust Small Cap BuyWrite Income ETF Price Performance
Shares of FTKI stock traded up $0.15 during trading hours on Friday, reaching $19.82. 9,657 shares of the company’s stock were exchanged, compared to its average volume of 12,537. The company’s 50 day moving average is $20.09 and its two-hundred day moving average is $19.85. The company has a market cap of $24.77 million, a P/E ratio of 17.98 and a beta of 0.30. First Trust Small Cap BuyWrite Income ETF has a 1 year low of $18.07 and a 1 year high of $21.63.
First Trust Small Cap BuyWrite Income ETF Company Profile
The First Trust Small Cap BuyWrite Income ETF (FTKI) is an exchange-traded fund that mostly invests in small-cap stocks. The fund seeks to provide current income and capital appreciation by holding a portfolio of US-listed small cap equities, while utilizing a naked call writing strategy on the Russell 2000 Index or on small-cap ETF. FTKI was launched on Feb 26, 2025 and is issued by First Trust.
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