Short Interest in First Trust BuyWrite Income ETF (NASDAQ:FTHI) Drops By 68.7%

First Trust BuyWrite Income ETF (NASDAQ:FTHI) was the target of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 95,878 shares, a decrease of 68.7% from the July 15th total of 306,098 shares. Based on an average trading volume of 978,467 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

First Trust BuyWrite Income ETF Stock Up 0.1%

FTHI stock traded up $0.03 during midday trading on Friday, reaching $24.30. The stock had a trading volume of 347,479 shares, compared to its average volume of 718,537. The firm has a market cap of $2.47 billion, a price-to-earnings ratio of 25.34 and a beta of 0.62. First Trust BuyWrite Income ETF has a twelve month low of $22.37 and a twelve month high of $24.36. The business has a fifty day simple moving average of $23.80 and a two-hundred day simple moving average of $23.66.

First Trust BuyWrite Income ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, July 21st were given a dividend of $0.179 per share. The ex-dividend date was Tuesday, July 21st. This is a positive change from First Trust BuyWrite Income ETF’s previous dividend of $0.17.

Hedge Funds Weigh In On First Trust BuyWrite Income ETF

Several large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. bought a new position in First Trust BuyWrite Income ETF in the third quarter valued at approximately $27,000. Ascentis Independent Advisors acquired a new position in shares of First Trust BuyWrite Income ETF in the 1st quarter valued at $26,000. Global Retirement Partners LLC lifted its stake in shares of First Trust BuyWrite Income ETF by 15.4% in the 4th quarter. Global Retirement Partners LLC now owns 3,783 shares of the company’s stock valued at $89,000 after purchasing an additional 504 shares during the period. Aptus Capital Advisors LLC boosted its position in shares of First Trust BuyWrite Income ETF by 21.4% in the 3rd quarter. Aptus Capital Advisors LLC now owns 5,384 shares of the company’s stock worth $128,000 after purchasing an additional 949 shares during the last quarter. Finally, Golden State Wealth Management LLC bought a new position in shares of First Trust BuyWrite Income ETF in the 4th quarter worth $131,000.

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.