First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Sees Significant Decline in Short Interest

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) was the target of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totaling 75,063 shares, a decrease of 37.0% from the March 15th total of 119,162 shares. Based on an average daily volume of 214,222 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Investors Weigh In On First Trust NASDAQ BuyWrite Income ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Ankerstar Wealth LLC bought a new position in First Trust NASDAQ BuyWrite Income ETF during the 4th quarter valued at about $33,000. Sound Income Strategies LLC lifted its stake in First Trust NASDAQ BuyWrite Income ETF by 971.5% in the fourth quarter. Sound Income Strategies LLC now owns 2,143 shares of the company’s stock worth $45,000 after purchasing an additional 1,943 shares during the last quarter. Advisory Services Network LLC purchased a new position in shares of First Trust NASDAQ BuyWrite Income ETF during the third quarter valued at approximately $143,000. Sunbelt Securities Inc. boosted its position in shares of First Trust NASDAQ BuyWrite Income ETF by 275.6% during the third quarter. Sunbelt Securities Inc. now owns 7,512 shares of the company’s stock valued at $155,000 after buying an additional 5,512 shares during the period. Finally, Bank of America Corp DE bought a new position in shares of First Trust NASDAQ BuyWrite Income ETF during the second quarter valued at approximately $178,000.

First Trust NASDAQ BuyWrite Income ETF Price Performance

Shares of First Trust NASDAQ BuyWrite Income ETF stock traded down $0.03 on Thursday, reaching $21.01. The company had a trading volume of 50,132 shares, compared to its average volume of 277,471. The firm has a market cap of $815.19 million, a price-to-earnings ratio of 32.31 and a beta of 0.61. The firm’s 50-day moving average price is $20.39 and its two-hundred day moving average price is $20.67. First Trust NASDAQ BuyWrite Income ETF has a 1 year low of $17.50 and a 1 year high of $21.15.

First Trust NASDAQ BuyWrite Income ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were paid a dividend of $0.207 per share. This represents a c) annualized dividend and a yield of 11.8%. The ex-dividend date of this dividend was Thursday, March 26th.

About First Trust NASDAQ BuyWrite Income ETF

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.