First Trust BuyWrite Income ETF (NASDAQ:FTHI) Stock Short Interest Falls 39.4%

First Trust BuyWrite Income ETF (NASDAQ:FTHI) saw a significant drop in short interest in September. As of September 30th, there was short interest totaling 104,077 shares, a drop of 39.4% from the September 15th total of 171,636 shares. Based on an average daily volume of 630,310 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

First Trust BuyWrite Income ETF Stock Performance

Shares of FTHI stock opened at $23.65 on Friday. The company has a market capitalization of $2.55 billion, a price-to-earnings ratio of 25.34 and a beta of 0.63. First Trust BuyWrite Income ETF has a 52-week low of $22.37 and a 52-week high of $24.39. The company has a 50-day simple moving average of $23.88 and a two-hundred day simple moving average of $23.76.

First Trust BuyWrite Income ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were issued a $0.1790 dividend. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $2.15 annualized dividend and a dividend yield of 9.1%.

Institutional Trading of First Trust BuyWrite Income ETF

A number of institutional investors and hedge funds have recently modified their holdings of FTHI. Baird Financial Group Inc. grew its position in shares of First Trust BuyWrite Income ETF by 65.2% during the 2nd quarter. Baird Financial Group Inc. now owns 482,564 shares of the company’s stock valued at $11,509,000 after acquiring an additional 190,463 shares during the period. Private Client Services LLC purchased a new stake in shares of First Trust BuyWrite Income ETF during the 3rd quarter worth approximately $738,000. Brookstone Capital Management increased its stake in shares of First Trust BuyWrite Income ETF by 54.9% during the 1st quarter. Brookstone Capital Management now owns 80,702 shares of the company’s stock worth $1,852,000 after purchasing an additional 28,619 shares during the last quarter. World Investment Advisors bought a new stake in shares of First Trust BuyWrite Income ETF in the 4th quarter worth approximately $833,000. Finally, Concurrent Investment Advisors LLC raised its holdings in shares of First Trust BuyWrite Income ETF by 14.4% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 165,981 shares of the company’s stock worth $3,959,000 after purchasing an additional 20,942 shares during the period.

First Trust BuyWrite Income ETF Company Profile

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.