First Trust BuyWrite Income ETF (NASDAQ:FTHI) Short Interest Down 26.7% in February

First Trust BuyWrite Income ETF (NASDAQ:FTHI) was the target of a large drop in short interest in February. As of February 28th, there was short interest totalling 105,900 shares, a drop of 26.7% from the February 13th total of 144,500 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 381,600 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of First Trust BuyWrite Income ETF

Hedge funds have recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in First Trust BuyWrite Income ETF during the 4th quarter valued at about $28,000. Wilmington Savings Fund Society FSB acquired a new position in shares of First Trust BuyWrite Income ETF in the 3rd quarter worth approximately $50,000. Kestra Investment Management LLC acquired a new position in shares of First Trust BuyWrite Income ETF in the 4th quarter worth approximately $50,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of First Trust BuyWrite Income ETF in the 4th quarter worth approximately $51,000. Finally, GoalVest Advisory LLC acquired a new position in shares of First Trust BuyWrite Income ETF in the 3rd quarter worth approximately $53,000.

First Trust BuyWrite Income ETF Trading Up 0.7 %

FTHI stock traded up $0.16 during mid-day trading on Monday, hitting $22.22. 303,042 shares of the company were exchanged, compared to its average volume of 266,181. The company has a market capitalization of $1.10 billion, a PE ratio of 24.49 and a beta of 0.72. First Trust BuyWrite Income ETF has a twelve month low of $20.96 and a twelve month high of $24.09. The firm has a fifty day simple moving average of $23.22 and a 200 day simple moving average of $23.27.

First Trust BuyWrite Income ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were given a $0.174 dividend. The ex-dividend date of this dividend was Friday, February 21st.

First Trust BuyWrite Income ETF Company Profile

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.