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

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totalling 90,700 shares, a growth of 147.8% from the March 15th total of 36,600 shares. Based on an average daily trading volume, of 127,200 shares, the days-to-cover ratio is currently 0.7 days.

First Trust NASDAQ BuyWrite Income ETF Trading Down 0.9 %

FTQI stock opened at $20.38 on Friday. The business’s fifty day moving average price is $20.40 and its 200 day moving average price is $19.80. First Trust NASDAQ BuyWrite Income ETF has a 12-month low of $18.15 and a 12-month high of $20.85. The company has a market capitalization of $260.86 million, a PE ratio of 28.03 and a beta of 0.52.

First Trust NASDAQ BuyWrite Income ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were paid a dividend of $0.198 per share. The ex-dividend date was Thursday, March 21st. This represents a $2.38 dividend on an annualized basis and a yield of 11.66%.

Institutional Trading of First Trust NASDAQ BuyWrite Income ETF

Hedge funds have recently made changes to their positions in the business. Jane Street Group LLC purchased a new stake in First Trust NASDAQ BuyWrite Income ETF during the 3rd quarter worth approximately $310,000. Advisor Group Holdings Inc. raised its stake in shares of First Trust NASDAQ BuyWrite Income ETF by 95.3% in the fourth quarter. Advisor Group Holdings Inc. now owns 13,756 shares of the company’s stock valued at $248,000 after acquiring an additional 6,712 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of First Trust NASDAQ BuyWrite Income ETF in the first quarter valued at $409,000. Envestnet Asset Management Inc. purchased a new position in First Trust NASDAQ BuyWrite Income ETF in the second quarter valued at $435,000. Finally, Osaic Holdings Inc. grew its stake in First Trust NASDAQ BuyWrite Income ETF by 135.4% during the 2nd quarter. Osaic Holdings Inc. now owns 33,251 shares of the company’s stock worth $659,000 after purchasing an additional 19,127 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.