Short Interest in First Trust Small Cap BuyWrite Income ETF (NYSEARCA:FTKI) Declines By 78.6%

First Trust Small Cap BuyWrite Income ETF (NYSEARCA:FTKIGet Free Report) was the target of a large decline in short interest in May. As of May 15th, there was short interest totaling 4,307 shares, a decline of 78.6% from the April 30th total of 20,150 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 2,992 shares, the days-to-cover ratio is presently 1.4 days.

First Trust Small Cap BuyWrite Income ETF Trading Up 0.7%

NYSEARCA FTKI traded up $0.13 during trading on Friday, reaching $19.59. The company’s stock had a trading volume of 7,163 shares, compared to its average volume of 16,268. The stock has a market capitalization of $22.53 million, a PE ratio of 17.98 and a beta of 0.36. The business has a 50-day moving average price of $19.61 and a 200-day moving average price of $19.43. First Trust Small Cap BuyWrite Income ETF has a 1-year low of $18.07 and a 1-year high of $20.69.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in First Trust Small Cap BuyWrite Income ETF stock. Royal Bank of Canada raised its holdings in shares of First Trust Small Cap BuyWrite Income ETF (NYSEARCA:FTKIFree Report) by 203.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,582 shares of the company’s stock after buying an additional 11,791 shares during the quarter. Royal Bank of Canada owned about 1.53% of First Trust Small Cap BuyWrite Income ETF worth $340,000 as of its most recent SEC filing.

First Trust Small Cap BuyWrite Income ETF Company Profile

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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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