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 decrease in short interest in August. As of August 31st, there was short interest totaling 32,167 shares, a decrease of 55.4% from the August 15th total of 72,114 shares. Based on an average daily volume of 273,289 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Integrated Wealth Concepts LLC lifted its holdings in shares of First Trust NASDAQ BuyWrite Income ETF by 5.2% in the second quarter. Integrated Wealth Concepts LLC now owns 683,933 shares of the company’s stock valued at $15,108,000 after purchasing an additional 33,575 shares in the last quarter. Spartan Wealth Advisory Services LLC bought a new stake in shares of First Trust NASDAQ BuyWrite Income ETF in the first quarter worth $10,234,000. Cetera Investment Advisers increased its stake in First Trust NASDAQ BuyWrite Income ETF by 16.7% in the 1st quarter. Cetera Investment Advisers now owns 364,351 shares of the company’s stock valued at $7,258,000 after buying an additional 52,045 shares during the last quarter. Ameritas Advisory Services LLC lifted its position in First Trust NASDAQ BuyWrite Income ETF by 784.5% during the 2nd quarter. Ameritas Advisory Services LLC now owns 221,703 shares of the company’s stock worth $4,897,000 after buying an additional 196,637 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in shares of First Trust NASDAQ BuyWrite Income ETF by 38.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 199,613 shares of the company’s stock worth $3,976,000 after buying an additional 55,891 shares during the last quarter.

First Trust NASDAQ BuyWrite Income ETF Stock Performance

Shares of First Trust NASDAQ BuyWrite Income ETF stock traded up $0.09 on Wednesday, reaching $22.06. 153,250 shares of the company were exchanged, compared to its average volume of 317,775. The firm has a market cap of $960.71 million, a price-to-earnings ratio of 32.31 and a beta of 0.63. First Trust NASDAQ BuyWrite Income ETF has a 1-year low of $19.23 and a 1-year high of $22.46. The company’s 50-day moving average is $22.04 and its two-hundred day moving average is $21.46.

First Trust NASDAQ BuyWrite Income ETF Dividend Announcement

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

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.