First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Short Interest Update

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) was the target of a large growth in short interest in January. As of January 15th, there was short interest totaling 97,270 shares, a growth of 128.1% from the December 31st total of 42,636 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 308,008 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 308,008 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.3% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Sigma Planning Corp increased its holdings in shares of First Trust NASDAQ BuyWrite Income ETF by 128.2% in the fourth quarter. Sigma Planning Corp now owns 58,097 shares of the company’s stock worth $1,209,000 after purchasing an additional 32,637 shares during the period. D.A. Davidson & CO. boosted its stake in First Trust NASDAQ BuyWrite Income ETF by 1.0% during the fourth quarter. D.A. Davidson & CO. now owns 81,938 shares of the company’s stock valued at $1,706,000 after buying an additional 832 shares during the period. Kestra Private Wealth Services LLC grew its position in First Trust NASDAQ BuyWrite Income ETF by 19.3% during the fourth quarter. Kestra Private Wealth Services LLC now owns 58,794 shares of the company’s stock worth $1,224,000 after buying an additional 9,507 shares in the last quarter. Sanctuary Advisors LLC grew its position in First Trust NASDAQ BuyWrite Income ETF by 22.0% during the fourth quarter. Sanctuary Advisors LLC now owns 43,690 shares of the company’s stock worth $910,000 after buying an additional 7,886 shares in the last quarter. Finally, Geneos Wealth Management Inc. bought a new position in First Trust NASDAQ BuyWrite Income ETF in the 4th quarter worth about $181,000.

First Trust NASDAQ BuyWrite Income ETF Trading Down 0.6%

Shares of First Trust NASDAQ BuyWrite Income ETF stock traded down $0.13 on Friday, reaching $20.85. The stock had a trading volume of 203,006 shares, compared to its average volume of 277,925. The business’s 50 day moving average is $20.87 and its two-hundred day moving average is $20.57. First Trust NASDAQ BuyWrite Income ETF has a 1 year low of $16.25 and a 1 year high of $21.36. The company has a market cap of $773.54 million, a P/E ratio of 32.31 and a beta of 0.59.

First Trust NASDAQ BuyWrite Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, January 21st were paid a $0.207 dividend. The ex-dividend date was Wednesday, January 21st. This represents a c) annualized dividend and a yield of 11.9%. This is a boost from First Trust NASDAQ BuyWrite Income ETF’s previous monthly dividend of $0.21.

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.