First Trust Small Cap BuyWrite Income ETF (NYSEARCA:FTKI) Shares Shorted: Short Interest Down 55.5% in September

First Trust Small Cap BuyWrite Income ETF (NYSEARCA:FTKI) was the recipient of a significant drop in short interest in September. As of September 15th, there was short interest totaling 2,901 shares, a drop of 55.5% from the August 31st total of 6,513 shares. Based on an average daily volume of 9,308 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the shares of the stock are sold short.

First Trust Small Cap BuyWrite Income ETF Stock Down 0.7%

NYSEARCA FTKI traded down $0.14 on Monday, reaching $19.19. The company had a trading volume of 291 shares, compared to its average volume of 12,012. The stock has a market capitalization of $25.91 million, a PE ratio of 17.98 and a beta of 0.30. The firm’s 50 day moving average price is $19.97 and its 200 day moving average price is $19.82. First Trust Small Cap BuyWrite Income ETF has a 12 month low of $18.07 and a 12 month high of $21.63.

Institutional Inflows and Outflows

A hedge fund recently raised its position in First Trust Small Cap BuyWrite Income ETF stock. Royal Bank of Canada grew its stake in First Trust Small Cap BuyWrite Income ETF (NYSEARCA:FTKI) by 203.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,582 shares of the company’s stock after acquiring an additional 11,791 shares during the quarter. Royal Bank of Canada owned about 1.53% of First Trust Small Cap BuyWrite Income ETF worth $340,000 at the end of the most recent quarter.

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.