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

First Trust BuyWrite Income ETF (NASDAQ:FTHI) saw a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 146,622 shares, a growth of 52.9% from the July 30th total of 95,878 shares. Based on an average trading volume of 477,681 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company’s shares are sold short.

First Trust BuyWrite Income ETF Price Performance

Shares of FTHI stock opened at $23.87 on Thursday. The company has a market cap of $2.42 billion, a PE ratio of 25.34 and a beta of 0.62. First Trust BuyWrite Income ETF has a 1 year low of $22.37 and a 1 year high of $24.39. The stock’s 50 day simple moving average is $23.85 and its two-hundred day simple moving average is $23.67.

First Trust BuyWrite Income ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, August 31st. Investors of record on Friday, August 21st were issued a dividend of $0.179 per share. This represents a c) annualized dividend and a yield of 9.0%. The ex-dividend date was Friday, August 21st.

Institutional Trading of First Trust BuyWrite Income ETF

A number of institutional investors have recently bought and sold shares of the stock. Truist Financial Corp increased its holdings in First Trust BuyWrite Income ETF by 169.0% during the 4th quarter. Truist Financial Corp now owns 175,169 shares of the company’s stock valued at $4,137,000 after purchasing an additional 110,050 shares during the period. Strategic Financial Concepts LLC bought a new stake in shares of First Trust BuyWrite Income ETF in the 4th quarter worth approximately $2,458,000. Brookstone Capital Management grew its position in shares of First Trust BuyWrite Income ETF by 54.9% in the 1st quarter. Brookstone Capital Management now owns 80,702 shares of the company’s stock worth $1,852,000 after buying an additional 28,619 shares during the last quarter. World Investment Advisors purchased a new position in shares of First Trust BuyWrite Income ETF during the fourth quarter valued at approximately $833,000. Finally, RFG Advisory LLC increased its stake in shares of First Trust BuyWrite Income ETF by 40.8% during the fourth quarter. RFG Advisory LLC now owns 73,120 shares of the company’s stock valued at $1,727,000 after buying an additional 21,180 shares during the period.

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.