First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Short Interest Down 43.2% in February

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) was the target of a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 62,349 shares, a drop of 43.2% from the January 29th total of 109,830 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 287,349 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 287,349 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the company’s stock are short sold.

First Trust NASDAQ BuyWrite Income ETF Stock Performance

Shares of NASDAQ FTQI traded up $0.06 during trading on Monday, hitting $20.47. 161,938 shares of the company traded hands, compared to its average volume of 303,928. The firm has a market capitalization of $769.67 million, a price-to-earnings ratio of 32.31 and a beta of 0.59. The business’s fifty day moving average is $20.79 and its 200 day moving average is $20.67. First Trust NASDAQ BuyWrite Income ETF has a fifty-two week low of $16.25 and a fifty-two week high of $21.15.

First Trust NASDAQ BuyWrite Income ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were issued a $0.207 dividend. The ex-dividend date was Friday, February 20th. This represents a c) annualized dividend and a yield of 12.1%.

Institutional Investors Weigh In On First Trust NASDAQ BuyWrite Income ETF

A number of hedge funds have recently added to or reduced their stakes in FTQI. Fifth Third Securities Inc. raised its stake in shares of First Trust NASDAQ BuyWrite Income ETF by 6.6% in the third quarter. Fifth Third Securities Inc. now owns 595,389 shares of the company’s stock worth $12,265,000 after purchasing an additional 36,979 shares during the last quarter. Western Wealth Management LLC bought a new stake in First Trust NASDAQ BuyWrite Income ETF during the second quarter worth $244,000. B. Riley Wealth Advisors Inc. bought a new stake in First Trust NASDAQ BuyWrite Income ETF during the second quarter worth $1,213,000. Avantax Advisory Services Inc. raised its position in First Trust NASDAQ BuyWrite Income ETF by 2.5% in the 2nd quarter. Avantax Advisory Services Inc. now owns 105,493 shares of the company’s stock valued at $2,063,000 after buying an additional 2,529 shares during the last quarter. Finally, Cetera Investment Advisers lifted its stake in First Trust NASDAQ BuyWrite Income ETF by 18.0% during the 2nd quarter. Cetera Investment Advisers now owns 151,960 shares of the company’s stock valued at $2,972,000 after acquiring an additional 23,149 shares in the last quarter.

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.