First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Sees Large Increase in Short Interest

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totalling 103,500 shares, an increase of 56.3% from the December 15th total of 66,200 shares. Based on an average daily volume of 177,700 shares, the short-interest ratio is presently 0.6 days.

First Trust NASDAQ BuyWrite Income ETF Stock Up 0.8 %

Shares of FTQI traded up $0.18 during mid-day trading on Friday, reaching $21.12. The company’s stock had a trading volume of 85,460 shares, compared to its average volume of 128,252. The company has a market cap of $560.60 million, a price-to-earnings ratio of 29.15 and a beta of 0.52. The business has a fifty day moving average of $21.06 and a 200 day moving average of $20.56. First Trust NASDAQ BuyWrite Income ETF has a 1 year low of $18.23 and a 1 year high of $21.49.

First Trust NASDAQ BuyWrite Income ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a dividend of $0.204 per share. The ex-dividend date was Friday, December 13th. This represents a $2.45 dividend on an annualized basis and a yield of 11.59%.

Hedge Funds Weigh In On First Trust NASDAQ BuyWrite Income ETF

Several institutional investors and hedge funds have recently bought and sold shares of FTQI. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of First Trust NASDAQ BuyWrite Income ETF during the fourth quarter worth approximately $50,000. Atria Investments Inc purchased a new stake in First Trust NASDAQ BuyWrite Income ETF in the 3rd quarter worth approximately $233,000. Cedrus LLC acquired a new stake in shares of First Trust NASDAQ BuyWrite Income ETF during the 3rd quarter valued at $299,000. Sterling Manor Financial LLC grew its holdings in shares of First Trust NASDAQ BuyWrite Income ETF by 21.0% during the 3rd quarter. Sterling Manor Financial LLC now owns 14,861 shares of the company’s stock valued at $304,000 after acquiring an additional 2,583 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in shares of First Trust NASDAQ BuyWrite Income ETF in the second quarter worth $324,000.

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.