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

First Trust BuyWrite Income ETF (NASDAQ:FTHI) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 95,878 shares, a drop of 68.7% from the July 15th total of 306,098 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 978,467 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On First Trust BuyWrite Income ETF

Several hedge funds and other institutional investors have recently bought and sold shares of FTHI. LPL Financial LLC boosted its position in shares of First Trust BuyWrite Income ETF by 19.6% during the 4th quarter. LPL Financial LLC now owns 9,018,353 shares of the company’s stock worth $213,013,000 after purchasing an additional 1,478,322 shares in the last quarter. Wells Fargo & Company MN increased its position in First Trust BuyWrite Income ETF by 10.8% in the 4th quarter. Wells Fargo & Company MN now owns 6,444,777 shares of the company’s stock valued at $152,226,000 after buying an additional 626,512 shares in the last quarter. D.A. Davidson & CO. increased its position in First Trust BuyWrite Income ETF by 7.3% in the 1st quarter. D.A. Davidson & CO. now owns 3,010,900 shares of the company’s stock valued at $69,100,000 after buying an additional 206,072 shares in the last quarter. Royal Bank of Canada raised its stake in First Trust BuyWrite Income ETF by 22.1% during the 1st quarter. Royal Bank of Canada now owns 2,527,288 shares of the company’s stock worth $58,001,000 after buying an additional 456,702 shares during the period. Finally, Cetera Investment Advisers raised its stake in First Trust BuyWrite Income ETF by 31.1% during the 1st quarter. Cetera Investment Advisers now owns 1,816,393 shares of the company’s stock worth $41,686,000 after buying an additional 431,366 shares during the period.

First Trust BuyWrite Income ETF Stock Up 0.2%

NASDAQ:FTHI opened at $24.33 on Friday. The company has a fifty day moving average of $23.81 and a 200-day moving average of $23.67. The firm has a market capitalization of $2.47 billion, a P/E ratio of 25.34 and a beta of 0.62. First Trust BuyWrite Income ETF has a twelve month low of $22.37 and a twelve month high of $24.36.

First Trust BuyWrite Income ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st were issued a $0.179 dividend. The ex-dividend date was Tuesday, July 21st. This is a positive change from First Trust BuyWrite Income ETF’s previous dividend of $0.17.

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.