Short Interest in First Trust Small Cap BuyWrite Income ETF (NYSEARCA:FTKI) Expands By 236.2%

First Trust Small Cap BuyWrite Income ETF (NYSEARCA:FTKI) saw a large growth in short interest in August. As of August 31st, there was short interest totaling 6,513 shares, a growth of 236.2% from the August 15th total of 1,937 shares. Based on an average daily volume of 6,207 shares, the short-interest ratio is presently 1.0 days. Currently, 0.5% of the shares of the stock are sold short.

Institutional Trading of First Trust Small Cap BuyWrite Income ETF

A hedge fund recently raised its stake in First Trust Small Cap BuyWrite Income ETF stock. Royal Bank of Canada grew its position in First Trust Small Cap BuyWrite Income ETF (NYSEARCA:FTKI) by 203.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,582 shares of the company’s stock after acquiring an additional 11,791 shares during the period. 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.

First Trust Small Cap BuyWrite Income ETF Price Performance

Shares of FTKI traded down $0.09 during trading hours on Monday, hitting $19.73. The stock had a trading volume of 511 shares, compared to its average volume of 12,468. The stock has a market capitalization of $24.66 million, a price-to-earnings ratio of 17.98 and a beta of 0.30. The company’s fifty day moving average is $20.09 and its two-hundred day moving average is $19.85. First Trust Small Cap BuyWrite Income ETF has a 52 week low of $18.07 and a 52 week high of $21.63.

First Trust Small Cap BuyWrite Income ETF Company Profile

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.