Short Interest in First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Expands By 103.2%

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 87,110 shares, an increase of 103.2% from the November 30th total of 42,871 shares. Based on an average daily volume of 440,293 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the company’s shares are short sold. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 440,293 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On First Trust NASDAQ BuyWrite Income ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. RiverTree Advisors LLC increased its holdings in First Trust NASDAQ BuyWrite Income ETF by 109.8% in the second quarter. RiverTree Advisors LLC now owns 138,589 shares of the company’s stock worth $2,711,000 after purchasing an additional 72,522 shares in the last quarter. Fifth Third Securities Inc. boosted its holdings in shares of First Trust NASDAQ BuyWrite Income ETF by 13.2% during the 2nd quarter. Fifth Third Securities Inc. now owns 558,410 shares of the company’s stock worth $10,923,000 after buying an additional 64,957 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in shares of First Trust NASDAQ BuyWrite Income ETF during the 2nd quarter worth approximately $1,213,000. RFG Advisory LLC acquired a new stake in shares of First Trust NASDAQ BuyWrite Income ETF during the 3rd quarter worth approximately $1,177,000. Finally, Osaic Holdings Inc. increased its stake in shares of First Trust NASDAQ BuyWrite Income ETF by 32.8% in the 2nd quarter. Osaic Holdings Inc. now owns 188,650 shares of the company’s stock valued at $3,690,000 after acquiring an additional 46,541 shares in the last quarter.

First Trust NASDAQ BuyWrite Income ETF Price Performance

NASDAQ FTQI traded up $0.05 during mid-day trading on Friday, reaching $21.01. 140,112 shares of the stock were exchanged, compared to its average volume of 238,143. First Trust NASDAQ BuyWrite Income ETF has a one year low of $16.25 and a one year high of $21.36. The stock has a 50 day simple moving average of $20.81 and a 200-day simple moving average of $20.31. The stock has a market cap of $747.96 million, a P/E ratio of 32.31 and a beta of 0.59.

First Trust NASDAQ BuyWrite Income ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th will be given a $0.205 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a c) annualized dividend and a dividend yield of 11.7%.

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.