First Trust BuyWrite Income ETF (NASDAQ:FTHI) Short Interest Up 165.1% in July

First Trust BuyWrite Income ETF (NASDAQ:FTHI) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totalling 179,500 shares, a growth of 165.1% from the June 30th total of 67,700 shares. Based on an average daily trading volume, of 238,700 shares, the short-interest ratio is presently 0.8 days.

First Trust BuyWrite Income ETF Stock Performance

First Trust BuyWrite Income ETF stock traded up $0.24 during trading hours on Friday, hitting $22.46. The company had a trading volume of 161,211 shares, compared to its average volume of 221,621. The firm has a market cap of $776.44 million, a P/E ratio of 18.59 and a beta of 0.72. The company has a 50-day moving average price of $22.55 and a two-hundred day moving average price of $22.24. First Trust BuyWrite Income ETF has a 1 year low of $19.56 and a 1 year high of $22.97.

First Trust BuyWrite Income ETF Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, July 31st. Investors of record on Tuesday, July 23rd will be issued a $0.168 dividend. The ex-dividend date of this dividend is Tuesday, July 23rd. This represents a $2.02 dividend on an annualized basis and a dividend yield of 8.98%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Global Retirement Partners LLC lifted its holdings in shares of First Trust BuyWrite Income ETF by 22.3% in the 1st quarter. Global Retirement Partners LLC now owns 3,279 shares of the company’s stock worth $74,000 after buying an additional 597 shares during the period. Raleigh Capital Management Inc. raised its holdings in shares of First Trust BuyWrite Income ETF by 24.6% in the fourth quarter. Raleigh Capital Management Inc. now owns 3,546 shares of the company’s stock valued at $76,000 after acquiring an additional 700 shares in the last quarter. GPS Wealth Strategies Group LLC purchased a new position in First Trust BuyWrite Income ETF during the second quarter valued at approximately $97,000. Parallel Advisors LLC bought a new position in First Trust BuyWrite Income ETF in the fourth quarter worth approximately $121,000. Finally, Valley Brook Capital Group Inc. purchased a new stake in First Trust BuyWrite Income ETF during the second quarter worth $215,000.

About First Trust BuyWrite Income ETF

The First Trust BuyWrite Income ETF (FTHI) is an exchange-traded fund that is based on the S&P 500 index. The fund is an actively managed portfolio of US-listed stocks, with an overlay of short calls on the S&P 500. FTHI was launched on Jan 6, 2014 and is managed by First Trust.