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

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) saw a large decrease in short interest in August. As of August 31st, there was short interest totaling 32,167 shares, a decrease of 55.4% from the August 15th total of 72,114 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 273,289 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of First Trust NASDAQ BuyWrite Income ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in FTQI. LPL Financial LLC grew its holdings in 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 valued at $66,327,000 after buying an additional 307,710 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of First Trust NASDAQ BuyWrite Income ETF by 26.2% during the fourth quarter. Wells Fargo & Company MN now owns 2,011,400 shares of the company’s stock worth $41,877,000 after acquiring an additional 417,518 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in shares of First Trust NASDAQ BuyWrite Income ETF by 3.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 1,137,323 shares of the company’s stock worth $23,679,000 after acquiring an additional 34,266 shares during the last quarter. Integrated Wealth Concepts LLC grew its stake in First Trust NASDAQ BuyWrite Income ETF by 5.2% during the second quarter. Integrated Wealth Concepts LLC now owns 683,933 shares of the company’s stock valued at $15,108,000 after acquiring an additional 33,575 shares in the last quarter. Finally, Spartan Wealth Advisory Services LLC bought a new stake in First Trust NASDAQ BuyWrite Income ETF in the 1st quarter valued at $10,234,000.

First Trust NASDAQ BuyWrite Income ETF Stock Performance

Shares of FTQI traded down $0.06 during mid-day trading on Monday, reaching $22.04. The stock had a trading volume of 408,075 shares, compared to its average volume of 318,203. The firm has a market cap of $922.37 million, a price-to-earnings ratio of 32.31 and a beta of 0.63. First Trust NASDAQ BuyWrite Income ETF has a 12 month low of $19.23 and a 12 month high of $22.46. The business has a fifty day moving average of $22.04 and a 200 day moving average of $21.44.

First Trust NASDAQ BuyWrite Income ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 21st were given a $0.222 dividend. This represents a c) annualized dividend and a dividend yield of 12.1%. The ex-dividend date was Friday, August 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.