Short Interest in First Trust Small Cap BuyWrite Income ETF (NYSEARCA:FTKI) Declines By 78.6%

First Trust Small Cap BuyWrite Income ETF (NYSEARCA:FTKI) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totaling 4,307 shares, a decrease of 78.6% from the April 30th total of 20,150 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average trading volume of 2,992 shares, the days-to-cover ratio is currently 1.4 days.

First Trust Small Cap BuyWrite Income ETF Trading Up 0.7%

NYSEARCA:FTKI traded up $0.13 during trading hours on Friday, hitting $19.59. 7,163 shares of the stock traded hands, compared to its average volume of 16,268. The firm has a market cap of $22.53 million, a price-to-earnings ratio of 17.98 and a beta of 0.36. The firm has a 50 day moving average price of $19.61 and a 200 day moving average price of $19.43. First Trust Small Cap BuyWrite Income ETF has a fifty-two week low of $18.07 and a fifty-two week high of $20.69.

Hedge Funds Weigh In On First Trust Small Cap BuyWrite Income ETF

A hedge fund recently raised its stake in First Trust Small Cap BuyWrite Income ETF stock. Royal Bank of Canada lifted its stake in First Trust Small Cap BuyWrite Income ETF (NYSEARCA:FTKI) by 203.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,582 shares of the company’s stock after acquiring an additional 11,791 shares during the quarter. Royal Bank of Canada owned approximately 1.53% of First Trust Small Cap BuyWrite Income ETF worth $340,000 as of its most recent filing with the Securities and Exchange Commission.

First Trust Small Cap BuyWrite Income ETF Company Profile

The First Trust Small Cap BuyWrite Income ETF (FTKI) is an exchange-traded fund that mostly invests in small-cap stocks. The fund seeks to provide current income and capital appreciation by holding a portfolio of US-listed small cap equities, while utilizing a naked call writing strategy on the Russell 2000 Index or on small-cap ETF. FTKI was launched on Feb 26, 2025 and is issued by First Trust.