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

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) saw a large growth in short interest during the month of April. As of April 15th, there was short interest totaling 121,291 shares, a growth of 61.6% from the March 31st total of 75,063 shares. Based on an average daily volume of 366,619 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.3% of the shares of the company are sold short.

First Trust NASDAQ BuyWrite Income ETF Price Performance

Shares of FTQI stock traded down $0.04 during midday trading on Monday, hitting $21.11. The company had a trading volume of 542,230 shares, compared to its average volume of 339,700. The company’s 50 day simple moving average is $20.47 and its 200 day simple moving average is $20.69. First Trust NASDAQ BuyWrite Income ETF has a 52-week low of $18.35 and a 52-week high of $21.28. The stock has a market cap of $831.73 million, a price-to-earnings ratio of 32.31 and a beta of 0.61.

First Trust NASDAQ BuyWrite Income ETF Announces Dividend

The business also recently announced a dividend, which will be paid on Thursday, April 30th. Shareholders of record on Tuesday, April 21st will be paid a $0.199 dividend. The ex-dividend date is Tuesday, April 21st.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of FTQI. NewEdge Advisors LLC grew its stake in shares of First Trust NASDAQ BuyWrite Income ETF by 37.6% in the 1st quarter. NewEdge Advisors LLC now owns 45,146 shares of the company’s stock valued at $851,000 after purchasing an additional 12,332 shares during the last quarter. First Trust Advisors LP purchased a new position in shares of First Trust NASDAQ BuyWrite Income ETF in the 2nd quarter valued at approximately $314,000. Ausdal Financial Partners Inc. purchased a new position in shares of First Trust NASDAQ BuyWrite Income ETF in the 2nd quarter valued at approximately $209,000. Bank of America Corp DE acquired a new stake in shares of First Trust NASDAQ BuyWrite Income ETF in the 2nd quarter valued at approximately $178,000. Finally, IHT Wealth Management LLC lifted its holdings in shares of First Trust NASDAQ BuyWrite Income ETF by 2.1% in the 2nd quarter. IHT Wealth Management LLC now owns 61,866 shares of the company’s stock valued at $1,210,000 after buying an additional 1,295 shares during the period.

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.