Short Interest in First Trust BuyWrite Income ETF (NASDAQ:FTHI) Declines By 47.2%

First Trust BuyWrite Income ETF (NASDAQ:FTHI) saw a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 94,557 shares, a drop of 47.2% from the December 15th total of 179,053 shares. Based on an average daily trading volume, of 484,828 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are short sold. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 484,828 shares, the days-to-cover ratio is currently 0.2 days.

First Trust BuyWrite Income ETF Stock Performance

Shares of NASDAQ:FTHI traded up $0.14 during mid-day trading on Thursday, hitting $23.96. The stock had a trading volume of 305,294 shares, compared to its average volume of 754,744. The company’s 50 day moving average is $23.66 and its 200-day moving average is $23.47. First Trust BuyWrite Income ETF has a 12-month low of $19.07 and a 12-month high of $24.03. The company has a market cap of $1.90 billion, a PE ratio of 25.34 and a beta of 0.64.

First Trust BuyWrite Income ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were given a $0.177 dividend. This represents a c) annualized dividend and a dividend yield of 8.9%. The ex-dividend date of this dividend was Friday, December 12th.

Institutional Investors Weigh In On First Trust BuyWrite Income ETF

Several hedge funds have recently bought and sold shares of FTHI. JPMorgan Chase & Co. purchased a new position in First Trust BuyWrite Income ETF during the 3rd quarter valued at about $27,000. Bank of Montreal Can purchased a new position in shares of First Trust BuyWrite Income ETF during the 2nd quarter valued at $31,000. GoalVest Advisory LLC increased its stake in shares of First Trust BuyWrite Income ETF by 82.2% in the third quarter. GoalVest Advisory LLC now owns 1,481 shares of the company’s stock worth $35,000 after acquiring an additional 668 shares during the last quarter. CX Institutional purchased a new stake in shares of First Trust BuyWrite Income ETF during the third quarter worth $36,000. Finally, Asset Dedication LLC acquired a new stake in First Trust BuyWrite Income ETF during the second quarter valued at $44,000.

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.