First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Short Interest Up 87.6% in August

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) was the recipient of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 72,114 shares, a growth of 87.6% from the July 30th total of 38,447 shares. Based on an average daily trading volume, of 190,253 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the company’s shares are short sold.

First Trust NASDAQ BuyWrite Income ETF Trading Down 0.0%

FTQI traded down $0.01 during trading on Monday, hitting $21.95. 223,106 shares of the company’s stock were exchanged, compared to its average volume of 302,542. First Trust NASDAQ BuyWrite Income ETF has a 1 year low of $19.23 and a 1 year high of $22.46. The stock has a 50 day moving average price of $22.02 and a 200 day moving average price of $21.34. The firm has a market cap of $918.61 million, a P/E ratio of 32.31 and a beta of 0.63.

First Trust NASDAQ BuyWrite Income ETF Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 21st will be given a dividend of $0.222 per share. This represents a c) dividend on an annualized basis and a yield of 12.1%. The ex-dividend date of this dividend is Friday, August 21st.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Ankerstar Wealth LLC purchased a new stake in shares of First Trust NASDAQ BuyWrite Income ETF in the fourth quarter worth about $33,000. Fifth Third Bancorp acquired a new position in First Trust NASDAQ BuyWrite Income ETF during the 1st quarter worth approximately $134,000. Advisory Services Network LLC acquired a new position in First Trust NASDAQ BuyWrite Income ETF during the 3rd quarter worth approximately $143,000. Sunbelt Securities Inc. boosted its holdings in First Trust NASDAQ BuyWrite Income ETF by 275.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 7,512 shares of the company’s stock worth $155,000 after acquiring an additional 5,512 shares during the period. Finally, Bank of America Corp DE acquired a new stake in First Trust NASDAQ BuyWrite Income ETF in the second quarter valued at approximately $178,000.

First Trust NASDAQ BuyWrite Income ETF Company Profile

The First Trust Nasdaq BuyWrite Income ETF (FTQI) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively-managed portfolio of US stocks, with an options overlay of short calls on the Nasdaq 100. FTQI was launched on Jan 6, 2014 and is managed by First Trust.