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

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 103,500 shares, an increase of 56.3% from the December 15th total of 66,200 shares. Based on an average daily volume of 177,700 shares, the days-to-cover ratio is currently 0.6 days.

First Trust NASDAQ BuyWrite Income ETF Trading Up 0.8 %

Shares of NASDAQ FTQI traded up $0.17 during trading hours on Friday, hitting $21.11. 124,998 shares of the company traded hands, compared to its average volume of 132,263. The company’s 50 day moving average price is $21.06 and its 200 day moving average price is $20.56. First Trust NASDAQ BuyWrite Income ETF has a 12 month low of $18.23 and a 12 month high of $21.49. The stock has a market capitalization of $560.47 million, a price-to-earnings ratio of 29.15 and a beta of 0.52.

First Trust NASDAQ BuyWrite Income ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a dividend of $0.204 per share. This represents a $2.45 dividend on an annualized basis and a yield of 11.60%. The ex-dividend date of this dividend was Friday, December 13th.

Institutional Investors Weigh In On First Trust NASDAQ BuyWrite Income ETF

Several hedge funds and other institutional investors have recently made changes to their positions in FTQI. Integrated Wealth Concepts LLC grew its holdings in First Trust NASDAQ BuyWrite Income ETF by 8.9% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 647,285 shares of the company’s stock valued at $13,256,000 after purchasing an additional 52,767 shares during the last quarter. Ameritas Advisory Services LLC boosted its position in shares of First Trust NASDAQ BuyWrite Income ETF by 14.1% during the fourth quarter. Ameritas Advisory Services LLC now owns 290,074 shares of the company’s stock valued at $6,039,000 after buying an additional 35,755 shares during the period. Cetera Investment Advisers grew its stake in shares of First Trust NASDAQ BuyWrite Income ETF by 21.1% during the second quarter. Cetera Investment Advisers now owns 119,880 shares of the company’s stock valued at $2,448,000 after buying an additional 20,924 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of First Trust NASDAQ BuyWrite Income ETF by 52.9% during the second quarter. Envestnet Asset Management Inc. now owns 96,299 shares of the company’s stock valued at $1,966,000 after buying an additional 33,328 shares during the last quarter. Finally, Stifel Financial Corp raised its holdings in shares of First Trust NASDAQ BuyWrite Income ETF by 89.6% in the third quarter. Stifel Financial Corp now owns 79,969 shares of the company’s stock worth $1,638,000 after buying an additional 37,786 shares during the period.

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.