First Trust BuyWrite Income ETF (NASDAQ:FTHI) Stock Short Interest Rises 94.8%

First Trust BuyWrite Income ETF (NASDAQ:FTHI) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 202,710 shares, an increase of 94.8% from the September 30th total of 104,077 shares. Based on an average daily volume of 613,903 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the company’s shares are sold short.

First Trust BuyWrite Income ETF Trading Down 1.3%

NASDAQ FTHI opened at $23.29 on Friday. The stock has a 50-day simple moving average of $23.76 and a 200 day simple moving average of $23.70. The company has a market capitalization of $2.55 billion, a PE ratio of 25.34 and a beta of 0.63. First Trust BuyWrite Income ETF has a 12 month low of $22.37 and a 12 month high of $24.39.

First Trust BuyWrite Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, October 30th. Shareholders of record on Wednesday, October 21st were issued a dividend of $0.1760 per share. This represents a $2.11 dividend on an annualized basis and a yield of 9.1%. This is a decrease from First Trust BuyWrite Income ETF’s previous monthly dividend of $0.1790. The ex-dividend date was Wednesday, October 21st.

Hedge Funds Weigh In On First Trust BuyWrite Income ETF

Several institutional investors have recently modified their holdings of the stock. Ascentis Independent Advisors acquired a new position in shares of First Trust BuyWrite Income ETF in the 1st quarter valued at $26,000. Bullseye Investment Management LLC bought a new stake in shares of First Trust BuyWrite Income ETF in the 2nd quarter valued at $119,000. IMG Wealth Management Inc. raised its stake in First Trust BuyWrite Income ETF by 15.8% during the 1st quarter. IMG Wealth Management Inc. now owns 5,594 shares of the company’s stock worth $128,000 after buying an additional 763 shares during the period. James T. Borello RIA acquired a new stake in First Trust BuyWrite Income ETF during the 3rd quarter worth $136,000. Finally, SYM FINANCIAL Corp acquired a new stake in First Trust BuyWrite Income ETF during the 3rd quarter worth $165,000.

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.