First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Short Interest Up 87.6% in August

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) saw a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 72,114 shares, an increase of 87.6% from the July 30th total of 38,447 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 190,253 shares, the short-interest ratio is presently 0.4 days.

First Trust NASDAQ BuyWrite Income ETF Stock Performance

FTQI traded down $0.12 on Friday, reaching $21.96. The company had a trading volume of 214,968 shares, compared to its average volume of 303,024. First Trust NASDAQ BuyWrite Income ETF has a 52-week low of $19.23 and a 52-week high of $22.46. The company has a market cap of $919.03 million, a price-to-earnings ratio of 32.31 and a beta of 0.63. The business has a 50 day simple moving average of $22.02 and a 200 day simple moving average of $21.34.

First Trust NASDAQ BuyWrite Income ETF Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 21st will be issued a $0.222 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a c) dividend on an annualized basis and a dividend yield of 12.1%.

Institutional Trading of First Trust NASDAQ BuyWrite Income ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Ankerstar Wealth LLC bought a new stake in shares of First Trust NASDAQ BuyWrite Income ETF during the 4th quarter worth $33,000. Fifth Third Bancorp bought a new position in First Trust NASDAQ BuyWrite Income ETF in the first quarter valued at $134,000. Advisory Services Network LLC bought a new position in First Trust NASDAQ BuyWrite Income ETF in the third quarter valued at $143,000. Sunbelt Securities Inc. raised its position in 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 purchasing an additional 5,512 shares in the last quarter. Finally, Bank of America Corp DE purchased a new stake in First Trust NASDAQ BuyWrite Income ETF during the second quarter valued at about $178,000.

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.