First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Sees Unusually-High Trading Volume – What’s Next?

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) shares saw an uptick in trading volume on Thursday . Approximately 456,012 shares were traded during mid-day trading, an increase of 55% from the previous session’s volume of 294,430 shares.The stock last traded at $21.82 and had previously closed at $22.03.

First Trust NASDAQ BuyWrite Income ETF Trading Down 0.2%

The stock’s 50 day moving average price is $21.92 and its 200 day moving average price is $21.14. The firm has a market cap of $920.02 million, a PE ratio of 32.31 and a beta of 0.63.

First Trust NASDAQ BuyWrite Income ETF Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, July 21st will be given a dividend of $0.222 per share. This represents a c) dividend on an annualized basis and a yield of 12.2%. The ex-dividend date of this dividend is Tuesday, July 21st.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC boosted its position in shares of First Trust NASDAQ BuyWrite Income ETF by 37.6% in the first quarter. NewEdge Advisors LLC now owns 45,146 shares of the company’s stock worth $851,000 after buying an additional 12,332 shares during the period. First Trust Advisors LP acquired a new stake in shares of First Trust NASDAQ BuyWrite Income ETF in the second quarter valued at about $314,000. Ausdal Financial Partners Inc. purchased a new stake in shares of First Trust NASDAQ BuyWrite Income ETF during the 2nd quarter valued at about $209,000. Bank of America Corp DE purchased a new stake in shares of First Trust NASDAQ BuyWrite Income ETF during the 2nd quarter valued at about $178,000. Finally, IHT Wealth Management LLC lifted its position in First Trust NASDAQ BuyWrite Income ETF by 2.1% during the 2nd quarter. IHT Wealth Management LLC now owns 61,866 shares of the company’s stock worth $1,210,000 after acquiring an additional 1,295 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.