First Trust BuyWrite Income ETF (NASDAQ:FTHI) Sees Large Growth in Short Interest

First Trust BuyWrite Income ETF (NASDAQ:FTHI) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 131,691 shares, an increase of 39.3% from the December 31st total of 94,557 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 771,889 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 771,889 shares, the short-interest ratio is currently 0.2 days. Currently, 0.2% of the shares of the company are short sold.

First Trust BuyWrite Income ETF Price Performance

FTHI stock traded down $0.12 on Friday, reaching $23.75. 544,773 shares of the company were exchanged, compared to its average volume of 803,004. The firm has a market capitalization of $1.96 billion, a PE ratio of 25.34 and a beta of 0.64. The stock’s fifty day moving average price is $23.74 and its 200 day moving average price is $23.55. First Trust BuyWrite Income ETF has a 12 month low of $19.07 and a 12 month high of $24.05.

First Trust BuyWrite Income ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, January 21st were issued a dividend of $0.177 per share. This represents a c) dividend on an annualized basis and a yield of 8.9%. The ex-dividend date of this dividend was Wednesday, January 21st.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in FTHI. Sigma Planning Corp raised its position in shares of First Trust BuyWrite Income ETF by 70.9% during the 4th quarter. Sigma Planning Corp now owns 37,426 shares of the company’s stock valued at $884,000 after acquiring an additional 15,528 shares during the last quarter. Archer Investment Corp bought a new position in shares of First Trust BuyWrite Income ETF during the 4th quarter worth approximately $3,428,000. D.A. Davidson & CO. grew its holdings in shares of First Trust BuyWrite Income ETF by 6.9% in the 4th quarter. D.A. Davidson & CO. now owns 2,804,828 shares of the company’s stock valued at $66,250,000 after acquiring an additional 180,961 shares in the last quarter. Kestra Private Wealth Services LLC grew its stake in shares of First Trust BuyWrite Income ETF by 2.9% in the fourth quarter. Kestra Private Wealth Services LLC now owns 70,791 shares of the company’s stock valued at $1,672,000 after buying an additional 2,004 shares in the last quarter. Finally, Sanctuary Advisors LLC grew its holdings in First Trust BuyWrite Income ETF by 2.1% during the fourth quarter. Sanctuary Advisors LLC now owns 27,938 shares of the company’s stock worth $660,000 after purchasing an additional 584 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.