First Trust Small Cap BuyWrite Income ETF (NYSEARCA:FTKI – Get Free Report) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 6,082 shares, a growth of 315.2% from the May 31st total of 1,465 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily volume of 6,783 shares, the days-to-cover ratio is currently 0.9 days.
First Trust Small Cap BuyWrite Income ETF Price Performance
NYSEARCA:FTKI traded up $0.04 during trading hours on Friday, hitting $19.82. 2,787 shares of the company were exchanged, compared to its average volume of 14,677. First Trust Small Cap BuyWrite Income ETF has a 52-week low of $18.07 and a 52-week high of $20.69. The company’s 50 day moving average price is $19.73 and its 200-day moving average price is $19.56. The stock has a market capitalization of $22.79 million, a price-to-earnings ratio of 17.98 and a beta of 0.33.
Institutional Trading of First Trust Small Cap BuyWrite Income ETF
An institutional investor recently raised its stake in First Trust Small Cap BuyWrite Income ETF stock. Royal Bank of Canada raised its position in shares of First Trust Small Cap BuyWrite Income ETF (NYSEARCA:FTKI – Free Report) by 203.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,582 shares of the company’s stock after purchasing an additional 11,791 shares during the quarter. Royal Bank of Canada owned 1.53% of First Trust Small Cap BuyWrite Income ETF worth $340,000 at the end of the most recent reporting period.
About First Trust Small Cap BuyWrite Income ETF
The First Trust Small Cap BuyWrite Income ETF (FTKI) is an exchange-traded fund that mostly invests in small-cap stocks. The fund seeks to provide current income and capital appreciation by holding a portfolio of US-listed small cap equities, while utilizing a naked call writing strategy on the Russell 2000 Index or on small-cap ETF. FTKI was launched on Feb 26, 2025 and is issued by First Trust.
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