First Trust Small Cap BuyWrite Income ETF (NYSEARCA:FTKI – Get Free Report) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 6,513 shares, an increase of 236.2% from the August 15th total of 1,937 shares. Based on an average daily volume of 6,207 shares, the short-interest ratio is presently 1.0 days. Currently, 0.5% of the shares of the stock are short sold.
First Trust Small Cap BuyWrite Income ETF Stock Up 0.8%
Shares of FTKI stock traded up $0.15 during mid-day trading on Friday, reaching $19.82. 9,657 shares of the stock traded hands, compared to its average volume of 12,537. The stock’s fifty day simple moving average is $20.09 and its two-hundred day simple moving average is $19.85. First Trust Small Cap BuyWrite Income ETF has a 1-year low of $18.07 and a 1-year high of $21.63. The company has a market cap of $24.77 million, a price-to-earnings ratio of 17.98 and a beta of 0.30.
Institutional Investors Weigh In On First Trust Small Cap BuyWrite Income ETF
A hedge fund recently raised its stake in First Trust Small Cap BuyWrite Income ETF stock. Royal Bank of Canada boosted its holdings in shares of First Trust Small Cap BuyWrite Income ETF (NYSEARCA:FTKI – Free Report) by 203.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,582 shares of the company’s stock after acquiring an additional 11,791 shares during the quarter. Royal Bank of Canada owned 1.53% of First Trust Small Cap BuyWrite Income ETF worth $340,000 at the end of the most recent quarter.
About First Trust Small Cap BuyWrite Income ETF
The First Trust Small Cap BuyWrite Income ETF (FTKI) is an exchange-traded fund that mostly invests in small-cap stocks. The fund seeks to provide current income and capital appreciation by holding a portfolio of US-listed small cap equities, while utilizing a naked call writing strategy on the Russell 2000 Index or on small-cap ETF. FTKI was launched on Feb 26, 2025 and is issued by First Trust.
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