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

First Trust BuyWrite Income ETF (NASDAQ:FTHI) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totaling 168,962 shares, an increase of 27.9% from the March 31st total of 132,111 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 693,731 shares, the short-interest ratio is presently 0.2 days.

First Trust BuyWrite Income ETF Price Performance

First Trust BuyWrite Income ETF stock traded down $0.10 during mid-day trading on Wednesday, reaching $23.47. 1,290,388 shares of the company were exchanged, compared to its average volume of 731,374. The company has a fifty day simple moving average of $23.39 and a 200-day simple moving average of $23.60. First Trust BuyWrite Income ETF has a 12 month low of $21.23 and a 12 month high of $24.18. The firm has a market cap of $2.10 billion, a PE ratio of 25.34 and a beta of 0.64.

First Trust BuyWrite Income ETF Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, April 30th. Stockholders of record on Tuesday, April 21st will be issued a dividend of $0.172 per share. The ex-dividend date of this dividend is Tuesday, April 21st.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FTHI. Ascentis Independent Advisors bought a new stake in First Trust BuyWrite Income ETF during the first quarter worth about $26,000. LVZ Inc. increased its holdings in First Trust BuyWrite Income ETF by 0.9% in the 1st quarter. LVZ Inc. now owns 64,152 shares of the company’s stock valued at $1,472,000 after buying an additional 551 shares during the period. Integrity Wealth Partners LLC acquired a new position in shares of First Trust BuyWrite Income ETF in the 1st quarter valued at approximately $4,723,000. Etesian Wealth Advisors Inc. raised its position in shares of First Trust BuyWrite Income ETF by 17.6% in the 1st quarter. Etesian Wealth Advisors Inc. now owns 89,146 shares of the company’s stock valued at $2,046,000 after buying an additional 13,323 shares in the last quarter. Finally, Asset Allocation Strategies LLC bought a new stake in shares of First Trust BuyWrite Income ETF during the 1st quarter worth approximately $280,000.

About First Trust BuyWrite Income ETF

The First Trust BuyWrite Income ETF (FTHI) is an exchange-traded fund that is based on the S&P 500 index. The fund is an actively managed portfolio of US-listed stocks, with an overlay of short calls on the S&P 500. FTHI was launched on Jan 6, 2014 and is managed by First Trust.