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 decrease in short interest during the month of April. As of April 30th, there was short interest totaling 76,670 shares, a decrease of 36.8% from the April 15th total of 121,291 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 720,625 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FTQI. Spartan Wealth Advisory Services LLC purchased a new position in shares of First Trust NASDAQ BuyWrite Income ETF during the 1st quarter worth $10,234,000. Wells Fargo & Company MN lifted its stake in shares of First Trust NASDAQ BuyWrite Income ETF by 26.2% during the 4th quarter. Wells Fargo & Company MN now owns 2,011,400 shares of the company’s stock worth $41,877,000 after purchasing an additional 417,518 shares during the period. LPL Financial LLC lifted its stake in shares of First Trust NASDAQ BuyWrite Income ETF by 10.7% during the 4th quarter. LPL Financial LLC now owns 3,185,721 shares of the company’s stock worth $66,327,000 after purchasing an additional 307,710 shares during the period. Sun Financial Inc purchased a new position in shares of First Trust NASDAQ BuyWrite Income ETF during the 4th quarter worth $5,052,000. Finally, Janney Montgomery Scott LLC lifted its stake in shares of First Trust NASDAQ BuyWrite Income ETF by 97.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 143,722 shares of the company’s stock worth $2,992,000 after purchasing an additional 70,792 shares during the period.

First Trust NASDAQ BuyWrite Income ETF Price Performance

NASDAQ:FTQI traded down $0.01 during trading hours on Monday, reaching $21.59. 187,805 shares of the company traded hands, compared to its average volume of 326,661. The firm’s 50-day moving average is $20.70 and its 200-day moving average is $20.75. The stock has a market cap of $818.26 million, a P/E ratio of 32.31 and a beta of 0.63. First Trust NASDAQ BuyWrite Income ETF has a 1-year low of $18.72 and a 1-year high of $21.81.

First Trust NASDAQ BuyWrite Income ETF Announces Dividend

The business also recently announced a dividend, which was paid on Thursday, April 30th. Shareholders of record on Tuesday, April 21st were issued a dividend of $0.199 per share. The ex-dividend date was Tuesday, April 21st.

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.