First Trust BuyWrite Income ETF (NASDAQ:FTHI) Sees Significant Increase in Short Interest

First Trust BuyWrite Income ETF (NASDAQ:FTHI) was the target of a large growth in short interest in February. As of February 27th, there was short interest totaling 85,150 shares, a growth of 29.4% from the February 12th total of 65,781 shares. Based on an average daily trading volume, of 673,690 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are sold short. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 673,690 shares, the short-interest ratio is presently 0.1 days.

First Trust BuyWrite Income ETF Trading Up 1.0%

Shares of FTHI opened at $23.27 on Tuesday. 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 $1.93 billion, a P/E ratio of 25.34 and a beta of 0.64. The company has a 50-day moving average of $23.74 and a two-hundred day moving average of $23.67.

First Trust BuyWrite Income ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 20th were paid a $0.177 dividend. The ex-dividend date of this dividend was Friday, February 20th. This represents a c) dividend on an annualized basis and a yield of 9.1%.

Hedge Funds Weigh In On First Trust BuyWrite Income ETF

Several hedge funds have recently bought and sold shares of the stock. LPL Financial LLC lifted its position in shares of First Trust BuyWrite Income ETF by 19.6% in the fourth quarter. LPL Financial LLC now owns 9,018,353 shares of the company’s stock valued at $213,013,000 after acquiring an additional 1,478,322 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in First Trust BuyWrite Income ETF by 10.8% in the 4th quarter. Wells Fargo & Company MN now owns 6,444,777 shares of the company’s stock valued at $152,226,000 after purchasing an additional 626,512 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in First Trust BuyWrite Income ETF by 9.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 3,248,815 shares of the company’s stock valued at $77,029,000 after purchasing an additional 270,466 shares in the last quarter. D.A. Davidson & CO. boosted its stake in shares of First Trust BuyWrite Income ETF by 6.9% during the 4th quarter. D.A. Davidson & CO. now owns 2,804,828 shares of the company’s stock worth $66,250,000 after purchasing an additional 180,961 shares during the last quarter. Finally, Ergawealth Advisors Inc. grew its holdings in shares of First Trust BuyWrite Income ETF by 87.2% during the fourth quarter. Ergawealth Advisors Inc. now owns 2,097,358 shares of the company’s stock worth $49,540,000 after buying an additional 976,948 shares in the last quarter.

First Trust BuyWrite Income ETF Company Profile

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.