Short Interest in First Trust BuyWrite Income ETF (NASDAQ:FTHI) Increases By 187.5%

Posted by Jeff Wilder on Nov 13th, 2024

First Trust BuyWrite Income ETF (NASDAQ:FTHI – Get Free Report) was the target of a large growth in short interest in October. As of October 31st, there was short interest totalling 128,500 shares, a growth of 187.5% from the October 15th total of 44,700 shares. Based on an average trading volume of 196,100 shares, the short-interest ratio is currently 0.7 days.

Institutional Trading of First Trust BuyWrite Income ETF

Several hedge funds have recently made changes to their positions in FTHI. GoalVest Advisory LLC purchased a new position in First Trust BuyWrite Income ETF in the third quarter worth about $53,000. GPS Wealth Strategies Group LLC bought a new stake in shares of First Trust BuyWrite Income ETF in the 2nd quarter valued at approximately $97,000. Valley Brook Capital Group Inc. purchased a new position in shares of First Trust BuyWrite Income ETF in the 2nd quarter worth approximately $215,000. Wedbush Securities Inc. bought a new position in shares of First Trust BuyWrite Income ETF during the 2nd quarter valued at approximately $218,000. Finally, J.W. Cole Advisors Inc. purchased a new stake in First Trust BuyWrite Income ETF during the 2nd quarter valued at $220,000.

First Trust BuyWrite Income ETF Stock Performance

NASDAQ FTHI opened at $23.78 on Wednesday. The stock has a 50 day moving average price of $23.06 and a 200-day moving average price of $22.68. First Trust BuyWrite Income ETF has a one year low of $20.62 and a one year high of $23.90. The company has a market capitalization of $999.24 million, a P/E ratio of 18.59 and a beta of 0.72.

First Trust BuyWrite Income ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 22nd were paid a $0.172 dividend. The ex-dividend date was Tuesday, October 22nd. This represents a $2.06 dividend on an annualized basis and a dividend yield of 8.68%.

About First Trust BuyWrite Income ETF

(Get Free Report)

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.