Short Interest in First Trust BuyWrite Income ETF (NASDAQ:FTHI) Decreases By 35.4%

First Trust BuyWrite Income ETF (NASDAQ:FTHIGet Free Report) saw a significant decline in short interest in April. As of April 30th, there was short interest totaling 109,176 shares, a decline of 35.4% from the April 15th total of 168,962 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 1,061,956 shares, the short-interest ratio is presently 0.1 days.

First Trust BuyWrite Income ETF Stock Down 0.2%

Shares of FTHI stock traded down $0.05 during trading on Monday, reaching $23.83. The company’s stock had a trading volume of 371,929 shares, compared to its average volume of 713,540. The business has a fifty day moving average price of $23.39 and a 200-day moving average price of $23.61. First Trust BuyWrite Income ETF has a one year low of $21.67 and a one year high of $24.18. The company has a market cap of $2.15 billion, a price-to-earnings ratio of 25.34 and a beta of 0.63.

First Trust BuyWrite Income ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, April 30th. Shareholders of record on Tuesday, April 21st were issued a $0.172 dividend. The ex-dividend date of this dividend was Tuesday, April 21st.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Ascentis Independent Advisors acquired a new position in First Trust BuyWrite Income ETF during the first quarter worth $26,000. JPMorgan Chase & Co. purchased a new stake in First Trust BuyWrite Income ETF during the 3rd quarter worth about $27,000. Aventura Private Wealth LLC purchased a new stake in First Trust BuyWrite Income ETF during the 4th quarter worth about $51,000. Global Retirement Partners LLC lifted its holdings in First Trust BuyWrite Income ETF by 15.4% during the 4th quarter. Global Retirement Partners LLC now owns 3,783 shares of the company’s stock worth $89,000 after purchasing an additional 504 shares in the last quarter. Finally, IMG Wealth Management Inc. grew its stake in First Trust BuyWrite Income ETF by 15.8% during the first quarter. IMG Wealth Management Inc. now owns 5,594 shares of the company’s stock valued at $128,000 after acquiring an additional 763 shares in the last quarter.

About First Trust BuyWrite Income ETF

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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.

Further Reading

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