First Trust BuyWrite Income ETF (NASDAQ:FTHI) Short Interest Up 133.6% in June

First Trust BuyWrite Income ETF (NASDAQ:FTHI) was the target of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 280,128 shares, an increase of 133.6% from the May 31st total of 119,921 shares. Based on an average daily volume of 742,715 shares, the short-interest ratio is currently 0.4 days. Approximately 0.3% of the shares of the company are short sold.

Hedge Funds Weigh In On First Trust BuyWrite Income ETF

A number of large investors have recently modified their holdings of the company. JPMorgan Chase & Co. purchased a new stake in First Trust BuyWrite Income ETF in the 3rd quarter worth approximately $27,000. Ascentis Independent Advisors bought a new position in shares of First Trust BuyWrite Income ETF in the first quarter worth $26,000. Aventura Private Wealth LLC bought a new position in shares of First Trust BuyWrite Income ETF in the fourth quarter worth $51,000. Global Retirement Partners LLC raised its position in shares of First Trust BuyWrite Income ETF by 15.4% in the fourth quarter. Global Retirement Partners LLC now owns 3,783 shares of the company’s stock worth $89,000 after buying an additional 504 shares in the last quarter. Finally, Aptus Capital Advisors LLC raised its position in shares of First Trust BuyWrite Income ETF by 21.4% in the third quarter. Aptus Capital Advisors LLC now owns 5,384 shares of the company’s stock worth $128,000 after buying an additional 949 shares in the last quarter.

First Trust BuyWrite Income ETF Stock Performance

NASDAQ:FTHI traded up $0.23 during trading hours on Monday, reaching $23.68. The stock had a trading volume of 776,228 shares, compared to its average volume of 713,566. The stock has a 50 day simple moving average of $23.75 and a 200 day simple moving average of $23.64. First Trust BuyWrite Income ETF has a 12-month low of $22.37 and a 12-month high of $24.18. The stock has a market cap of $2.14 billion, a P/E ratio of 25.34 and a beta of 0.62.

First Trust BuyWrite Income ETF Announces Dividend

The company also recently declared a dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th will be paid a dividend of $0.172 per share. The ex-dividend date is Thursday, June 25th.

About First Trust BuyWrite Income ETF

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.