First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Short Interest Up 87.6% in August

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) saw a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 72,114 shares, a growth of 87.6% from the July 30th total of 38,447 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 190,253 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On First Trust NASDAQ BuyWrite Income ETF

Hedge funds have recently made changes to their positions in the stock. Sigma Planning Corp grew its position in First Trust NASDAQ BuyWrite Income ETF by 128.2% during the fourth quarter. Sigma Planning Corp now owns 58,097 shares of the company’s stock worth $1,209,000 after buying an additional 32,637 shares in the last quarter. Kestra Advisory Services LLC increased its stake in First Trust NASDAQ BuyWrite Income ETF by 141.0% in the 1st quarter. Kestra Advisory Services LLC now owns 68,795 shares of the company’s stock worth $1,370,000 after acquiring an additional 40,254 shares during the last quarter. World Investment Advisors raised its holdings in shares of First Trust NASDAQ BuyWrite Income ETF by 104.9% in the 4th quarter. World Investment Advisors now owns 46,906 shares of the company’s stock valued at $977,000 after acquiring an additional 24,013 shares in the last quarter. RFG Advisory LLC raised its holdings in shares of First Trust NASDAQ BuyWrite Income ETF by 62.5% in the 1st quarter. RFG Advisory LLC now owns 121,423 shares of the company’s stock valued at $2,419,000 after acquiring an additional 46,696 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in shares of First Trust NASDAQ BuyWrite Income ETF by 38.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 199,613 shares of the company’s stock valued at $3,976,000 after acquiring an additional 55,891 shares during the last quarter.

First Trust NASDAQ BuyWrite Income ETF Stock Down 0.5%

First Trust NASDAQ BuyWrite Income ETF stock traded down $0.12 during trading on Friday, hitting $21.96. The stock had a trading volume of 214,968 shares, compared to its average volume of 303,024. The stock’s 50 day moving average is $22.02 and its two-hundred day moving average is $21.34. First Trust NASDAQ BuyWrite Income ETF has a 1 year low of $19.23 and a 1 year high of $22.46. The stock has a market cap of $919.03 million, a price-to-earnings ratio of 32.31 and a beta of 0.63.

First Trust NASDAQ BuyWrite Income ETF Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 21st will be paid a dividend of $0.222 per share. This represents a c) dividend on an annualized basis and a dividend yield of 12.1%. The ex-dividend date is Friday, August 21st.

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.