Short Interest in First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Rises By 5.2%

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 78,700 shares, a growth of 5.2% from the May 31st total of 74,800 shares. Based on an average daily trading volume, of 125,200 shares, the days-to-cover ratio is presently 0.6 days.

First Trust NASDAQ BuyWrite Income ETF Trading Up 0.2 %

Shares of FTQI traded up $0.04 during mid-day trading on Wednesday, hitting $20.56. The company’s stock had a trading volume of 90,992 shares, compared to its average volume of 124,777. The firm has a 50-day simple moving average of $20.31 and a 200 day simple moving average of $20.22. The firm has a market capitalization of $300.18 million, a P/E ratio of 29.15 and a beta of 0.52. First Trust NASDAQ BuyWrite Income ETF has a 1-year low of $18.15 and a 1-year high of $20.85.

First Trust NASDAQ BuyWrite Income ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were paid a $0.204 dividend. This represents a $2.45 annualized dividend and a yield of 11.91%. The ex-dividend date of this dividend was Thursday, June 27th.

Hedge Funds Weigh In On First Trust NASDAQ BuyWrite Income ETF

Hedge funds have recently bought and sold shares of the company. Concourse Financial Group Securities Inc. increased its position in First Trust NASDAQ BuyWrite Income ETF by 17.6% during the first quarter. Concourse Financial Group Securities Inc. now owns 10,659 shares of the company’s stock worth $219,000 after buying an additional 1,597 shares in the last quarter. Elevated Capital Advisors LLC increased its position in First Trust NASDAQ BuyWrite Income ETF by 4.5% during the fourth quarter. Elevated Capital Advisors LLC now owns 44,875 shares of the company’s stock worth $889,000 after buying an additional 1,921 shares in the last quarter. Capital Investment Advisory Services LLC increased its position in First Trust NASDAQ BuyWrite Income ETF by 38.1% during the first quarter. Capital Investment Advisory Services LLC now owns 25,665 shares of the company’s stock worth $527,000 after buying an additional 7,081 shares in the last quarter. Envestnet Portfolio Solutions Inc. purchased a new position in First Trust NASDAQ BuyWrite Income ETF during the first quarter worth $206,000. Finally, Owen LaRue LLC increased its position in First Trust NASDAQ BuyWrite Income ETF by 49.6% during the third quarter. Owen LaRue LLC now owns 35,163 shares of the company’s stock worth $664,000 after buying an additional 11,658 shares in the last quarter.

About First Trust NASDAQ BuyWrite Income ETF

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.