First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Sees Significant Growth in Short Interest

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) was the target of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 63,447 shares, an increase of 74.7% from the September 15th total of 36,315 shares. Based on an average daily volume of 327,335 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

First Trust NASDAQ BuyWrite Income ETF Stock Performance

Shares of FTQI stock traded down $0.36 during mid-day trading on Friday, hitting $21.95. The company’s stock had a trading volume of 332,964 shares, compared to its average volume of 331,373. First Trust NASDAQ BuyWrite Income ETF has a 52-week low of $19.23 and a 52-week high of $22.55. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 32.31 and a beta of 0.65. The business has a 50-day moving average price of $22.17 and a 200 day moving average price of $21.78.

First Trust NASDAQ BuyWrite Income ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were given a $0.2220 dividend. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $2.66 dividend on an annualized basis and a yield of 12.1%.

Hedge Funds Weigh In On First Trust NASDAQ BuyWrite Income ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Spartan Wealth Advisory Services LLC bought a new stake in shares of First Trust NASDAQ BuyWrite Income ETF during the 1st quarter valued at about $10,234,000. Farther Finance Advisors LLC purchased a new stake in shares of First Trust NASDAQ BuyWrite Income ETF in the third quarter worth $4,420,000. Ameritas Advisory Services LLC raised its holdings in First Trust NASDAQ BuyWrite Income ETF by 784.5% during the second quarter. Ameritas Advisory Services LLC now owns 221,703 shares of the company’s stock valued at $4,897,000 after acquiring an additional 196,637 shares during the period. Envestnet Asset Management Inc. boosted its stake in First Trust NASDAQ BuyWrite Income ETF by 37.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 234,852 shares of the company’s stock worth $5,188,000 after purchasing an additional 64,213 shares during the period. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of First Trust NASDAQ BuyWrite Income ETF by 38.9% in the first quarter. Janney Montgomery Scott LLC now owns 199,613 shares of the company’s stock worth $3,976,000 after buying an additional 55,891 shares in the last quarter.

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.