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

First Trust BuyWrite Income ETF (NASDAQ:FTHI) was the target of a significant increase in short interest in April. As of April 15th, there was short interest totaling 168,962 shares, an increase of 27.9% from the March 31st total of 132,111 shares. Based on an average daily volume of 693,731 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. LPL Financial LLC lifted its holdings in shares of First Trust BuyWrite Income ETF by 19.6% in the fourth quarter. LPL Financial LLC now owns 9,018,353 shares of the company’s stock worth $213,013,000 after acquiring an additional 1,478,322 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of First Trust BuyWrite Income ETF by 10.8% during the 4th quarter. Wells Fargo & Company MN now owns 6,444,777 shares of the company’s stock valued at $152,226,000 after purchasing an additional 626,512 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of First Trust BuyWrite Income ETF by 9.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 3,248,815 shares of the company’s stock valued at $77,029,000 after purchasing an additional 270,466 shares during the last quarter. D.A. Davidson & CO. increased its position in First Trust BuyWrite Income ETF by 6.9% during the 4th quarter. D.A. Davidson & CO. now owns 2,804,828 shares of the company’s stock worth $66,250,000 after purchasing an additional 180,961 shares in the last quarter. Finally, Ergawealth Advisors Inc. increased its position in First Trust BuyWrite Income ETF by 87.2% during the 4th quarter. Ergawealth Advisors Inc. now owns 2,097,358 shares of the company’s stock worth $49,540,000 after purchasing an additional 976,948 shares in the last quarter.

First Trust BuyWrite Income ETF Trading Down 0.4%

NASDAQ FTHI traded down $0.10 on Wednesday, hitting $23.47. 1,290,388 shares of the company’s stock were exchanged, compared to its average volume of 731,374. The stock has a 50-day moving average of $23.39 and a 200-day moving average of $23.60. The stock has a market cap of $2.10 billion, a price-to-earnings ratio of 25.34 and a beta of 0.64. First Trust BuyWrite Income ETF has a 52 week low of $21.23 and a 52 week high of $24.18.

First Trust BuyWrite Income ETF Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, April 30th. Investors of record on Tuesday, April 21st will be given a dividend of $0.172 per share. The ex-dividend date is Tuesday, April 21st.

First Trust BuyWrite Income ETF Company Profile

The First Trust BuyWrite Income ETF (FTHI) is an exchange-traded fund that is based on the S&P 500 index. The fund is an actively managed portfolio of US-listed stocks, with an overlay of short calls on the S&P 500. FTHI was launched on Jan 6, 2014 and is managed by First Trust.