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

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) was the recipient of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 38,600 shares, a drop of 53.0% from the February 13th total of 82,100 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 202,700 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On First Trust NASDAQ BuyWrite Income ETF

Several institutional investors have recently bought and sold shares of FTQI. Atria Investments Inc acquired a new stake in shares of First Trust NASDAQ BuyWrite Income ETF in the third quarter valued at about $233,000. Avior Wealth Management LLC grew its position in shares of First Trust NASDAQ BuyWrite Income ETF by 32.7% in the third quarter. Avior Wealth Management LLC now owns 17,672 shares of the company’s stock valued at $362,000 after purchasing an additional 4,354 shares during the last quarter. Arete Wealth Advisors LLC grew its position in shares of First Trust NASDAQ BuyWrite Income ETF by 23.2% in the third quarter. Arete Wealth Advisors LLC now owns 17,163 shares of the company’s stock valued at $350,000 after purchasing an additional 3,235 shares during the last quarter. Integrated Wealth Concepts LLC grew its position in shares of First Trust NASDAQ BuyWrite Income ETF by 8.9% in the third quarter. Integrated Wealth Concepts LLC now owns 647,285 shares of the company’s stock valued at $13,256,000 after purchasing an additional 52,767 shares during the last quarter. Finally, IHT Wealth Management LLC grew its position in shares of First Trust NASDAQ BuyWrite Income ETF by 9.1% in the third quarter. IHT Wealth Management LLC now owns 47,657 shares of the company’s stock valued at $976,000 after purchasing an additional 3,993 shares during the last quarter.

First Trust NASDAQ BuyWrite Income ETF Trading Up 2.4 %

FTQI traded up $0.44 during trading hours on Friday, hitting $19.16. The company’s stock had a trading volume of 123,170 shares, compared to its average volume of 223,577. First Trust NASDAQ BuyWrite Income ETF has a fifty-two week low of $18.23 and a fifty-two week high of $21.49. The firm has a market capitalization of $512.53 million, a PE ratio of 29.52 and a beta of 0.52. The company has a 50-day simple moving average of $20.65 and a 200 day simple moving average of $20.68.

First Trust NASDAQ BuyWrite Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were issued a dividend of $0.207 per share. This is a positive change from First Trust NASDAQ BuyWrite Income ETF’s previous monthly dividend of $0.20. This represents a $2.48 annualized dividend and a yield of 12.96%. The ex-dividend date was Friday, February 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.