First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Sees Significant Growth in Short Interest

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) was the target of a significant increase in short interest in March. As of March 13th, there was short interest totaling 119,162 shares, an increase of 55.1% from the February 26th total of 76,825 shares. Based on an average daily volume of 166,099 shares, the short-interest ratio is currently 0.7 days. Approximately 0.3% of the shares of the stock are sold short.

Institutional Trading of First Trust NASDAQ BuyWrite Income ETF

Large investors have recently bought and sold shares of the business. Fifth Third Securities Inc. raised its stake in First Trust NASDAQ BuyWrite Income ETF by 6.6% during the third quarter. Fifth Third Securities Inc. now owns 595,389 shares of the company’s stock worth $12,265,000 after acquiring an additional 36,979 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new position in shares of First Trust NASDAQ BuyWrite Income ETF in the second quarter worth about $1,213,000. Cetera Investment Advisers boosted its stake in shares of First Trust NASDAQ BuyWrite Income ETF by 18.0% in the 2nd quarter. Cetera Investment Advisers now owns 151,960 shares of the company’s stock valued at $2,972,000 after purchasing an additional 23,149 shares in the last quarter. PMG Family Office LLC acquired a new stake in shares of First Trust NASDAQ BuyWrite Income ETF in the 3rd quarter valued at approximately $551,000. Finally, Osaic Holdings Inc. grew its holdings in shares of First Trust NASDAQ BuyWrite Income ETF by 32.8% during the 2nd quarter. Osaic Holdings Inc. now owns 188,650 shares of the company’s stock valued at $3,690,000 after purchasing an additional 46,541 shares during the last quarter.

First Trust NASDAQ BuyWrite Income ETF Price Performance

NASDAQ FTQI opened at $19.50 on Friday. The business has a fifty day moving average price of $20.51 and a two-hundred day moving average price of $20.68. The stock has a market capitalization of $733.20 million, a PE ratio of 32.31 and a beta of 0.59. 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 firm also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th will be issued a dividend of $0.207 per share. The ex-dividend date of this dividend is Thursday, March 26th. This represents a c) dividend on an annualized basis and a dividend yield of 12.7%.

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.