First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Sees Large Increase in Short Interest

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) saw a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 76,825 shares, a growth of 23.2% from the February 12th total of 62,349 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 304,116 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 304,116 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the shares of the company are short sold.

First Trust NASDAQ BuyWrite Income ETF Stock Performance

First Trust NASDAQ BuyWrite Income ETF stock traded up $0.17 during trading hours on Monday, reaching $20.31. 158,300 shares of the stock were exchanged, compared to its average volume of 276,508. First Trust NASDAQ BuyWrite Income ETF has a 52-week low of $16.25 and a 52-week high of $21.15. The stock has a market cap of $763.66 million, a P/E ratio of 32.31 and a beta of 0.59. The firm’s 50 day moving average is $20.67 and its 200 day moving average is $20.69.

First Trust NASDAQ BuyWrite Income ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 20th were paid a dividend of $0.207 per share. This represents a c) dividend on an annualized basis and a dividend yield of 12.2%. The ex-dividend date was Friday, February 20th.

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. Ankerstar Wealth LLC purchased a new stake in First Trust NASDAQ BuyWrite Income ETF in the 4th quarter valued at approximately $33,000. Sound Income Strategies LLC raised its stake in shares of First Trust NASDAQ BuyWrite Income ETF by 971.5% during the 4th quarter. Sound Income Strategies LLC now owns 2,143 shares of the company’s stock worth $45,000 after buying an additional 1,943 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of First Trust NASDAQ BuyWrite Income ETF during the 3rd quarter worth approximately $143,000. Sunbelt Securities Inc. lifted its holdings in shares of First Trust NASDAQ BuyWrite Income ETF by 275.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 7,512 shares of the company’s stock valued at $155,000 after buying an additional 5,512 shares during the period. Finally, Geneos Wealth Management Inc. acquired a new stake in shares of First Trust NASDAQ BuyWrite Income ETF in the 4th quarter valued at approximately $181,000.

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.