First Trust BuyWrite Income ETF (NASDAQ:FTHI) Short Interest Update

First Trust BuyWrite Income ETF (NASDAQ:FTHI) was the target of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 146,622 shares, an increase of 52.9% from the July 30th total of 95,878 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 477,681 shares, the short-interest ratio is presently 0.3 days.

First Trust BuyWrite Income ETF Stock Down 0.3%

FTHI stock traded down $0.08 during midday trading on Tuesday, reaching $23.71. The stock had a trading volume of 77,594 shares, compared to its average volume of 708,674. The firm has a market cap of $2.41 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 $24.39. The business has a fifty day simple moving average of $23.85 and a two-hundred day simple moving average of $23.67.

First Trust BuyWrite Income ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 21st were given a dividend of $0.179 per share. The ex-dividend date was Friday, August 21st.

Hedge Funds Weigh In On First Trust BuyWrite Income ETF

Several large investors have recently bought and sold shares of the business. Truist Financial Corp lifted its stake in shares of First Trust BuyWrite Income ETF by 169.0% in the 4th quarter. Truist Financial Corp now owns 175,169 shares of the company’s stock valued at $4,137,000 after purchasing an additional 110,050 shares during the period. Strategic Financial Concepts LLC acquired a new stake in shares of First Trust BuyWrite Income ETF during the fourth quarter worth $2,458,000. Brookstone Capital Management grew its stake in shares of First Trust BuyWrite Income ETF by 54.9% during the first quarter. Brookstone Capital Management now owns 80,702 shares of the company’s stock worth $1,852,000 after purchasing an additional 28,619 shares during the period. World Investment Advisors bought a new stake in First Trust BuyWrite Income ETF in the fourth quarter valued at about $833,000. Finally, LPL Financial LLC increased its holdings in First Trust BuyWrite Income ETF by 19.6% in the fourth quarter. LPL Financial LLC now owns 9,018,353 shares of the company’s stock valued at $213,013,000 after purchasing an additional 1,478,322 shares during the last quarter.

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.