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

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) saw a large decrease in short interest in October. As of October 15th, there was short interest totaling 26,800 shares, a decrease of 30.6% from the September 30th total of 38,600 shares. Based on an average trading volume of 195,400 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are sold short. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 195,400 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of First Trust NASDAQ BuyWrite Income ETF

Institutional investors have recently modified their holdings of the company. Blue Trust Inc. bought a new stake in shares of First Trust NASDAQ BuyWrite Income ETF in the 2nd quarter valued at about $49,000. IMG Wealth Management Inc. boosted its holdings in shares of First Trust NASDAQ BuyWrite Income ETF by 16.8% in the 2nd quarter. IMG Wealth Management Inc. now owns 8,517 shares of the company’s stock valued at $167,000 after buying an additional 1,222 shares in the last quarter. Bank of America Corp DE bought a new stake in shares of First Trust NASDAQ BuyWrite Income ETF in the 2nd quarter valued at about $178,000. NWF Advisory Services Inc. purchased a new position in shares of First Trust NASDAQ BuyWrite Income ETF in the 3rd quarter valued at approximately $204,000. Finally, Nations Financial Group Inc. IA ADV purchased a new position in shares of First Trust NASDAQ BuyWrite Income ETF in the 1st quarter valued at approximately $206,000.

First Trust NASDAQ BuyWrite Income ETF Price Performance

Shares of First Trust NASDAQ BuyWrite Income ETF stock opened at $20.86 on Wednesday. First Trust NASDAQ BuyWrite Income ETF has a 1 year low of $16.25 and a 1 year high of $21.49. The firm’s 50-day moving average is $20.61 and its two-hundred day moving average is $19.82. The stock has a market cap of $735.32 million, a price-to-earnings ratio of 32.31 and a beta of 0.59.

First Trust NASDAQ BuyWrite Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, October 21st were issued a dividend of $0.205 per share. This represents a c) annualized dividend and a yield of 11.8%. The ex-dividend date was Tuesday, October 21st. This is a positive change from First Trust NASDAQ BuyWrite Income ETF’s previous monthly dividend of $0.20.

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.