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

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 97,270 shares, a growth of 128.1% from the December 31st total of 42,636 shares. Based on an average daily volume of 308,008 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.3% of the shares of the company are short sold. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 308,008 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On First Trust NASDAQ BuyWrite Income ETF

Several large investors have recently made changes to their positions in FTQI. NewEdge Advisors LLC raised its position in shares of First Trust NASDAQ BuyWrite Income ETF by 37.6% during the first quarter. NewEdge Advisors LLC now owns 45,146 shares of the company’s stock valued at $851,000 after buying an additional 12,332 shares during the last quarter. PFG Investments LLC lifted its position in First Trust NASDAQ BuyWrite Income ETF by 47.4% in the second quarter. PFG Investments LLC now owns 18,335 shares of the company’s stock worth $359,000 after buying an additional 5,892 shares during the last quarter. RiverTree Advisors LLC raised its stake in shares of First Trust NASDAQ BuyWrite Income ETF by 109.8% in the second quarter. RiverTree Advisors LLC now owns 138,589 shares of the company’s stock valued at $2,711,000 after acquiring an additional 72,522 shares during the period. IFP Advisors Inc lifted its holdings in shares of First Trust NASDAQ BuyWrite Income ETF by 2.4% in the 2nd quarter. IFP Advisors Inc now owns 22,361 shares of the company’s stock worth $437,000 after acquiring an additional 520 shares during the last quarter. Finally, Blue Trust Inc. bought a new position in shares of First Trust NASDAQ BuyWrite Income ETF during the second quarter valued at approximately $49,000.

First Trust NASDAQ BuyWrite Income ETF Price Performance

Shares of FTQI traded down $0.15 on Thursday, reaching $20.89. The company’s stock had a trading volume of 146,253 shares, compared to its average volume of 275,229. The stock’s 50 day simple moving average is $20.84 and its two-hundred day simple moving average is $20.55. The stock has a market capitalization of $769.80 million, a P/E ratio of 32.31 and a beta of 0.59. First Trust NASDAQ BuyWrite Income ETF has a 12-month low of $16.25 and a 12-month high of $21.36.

First Trust NASDAQ BuyWrite Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Wednesday, January 21st will be paid a $0.207 dividend. This is a positive change from First Trust NASDAQ BuyWrite Income ETF’s previous monthly dividend of $0.21. The ex-dividend date is Wednesday, January 21st. This represents a c) annualized dividend and a dividend yield of 11.9%.

First Trust NASDAQ BuyWrite Income ETF Company Profile

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.