Short Interest in First Trust Active Global Quality Income ETF (NYSEARCA:AGQI) Grows By 85.3%

First Trust Active Global Quality Income ETF (NYSEARCA:AGQI) was the target of a large growth in short interest in February. As of February 13th, there was short interest totaling 19,194 shares, a growth of 85.3% from the January 29th total of 10,356 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average trading volume of 8,014 shares, the days-to-cover ratio is currently 2.4 days. Based on an average trading volume of 8,014 shares, the days-to-cover ratio is currently 2.4 days. Currently, 0.6% of the shares of the stock are short sold.

First Trust Active Global Quality Income ETF Stock Down 0.2%

NYSEARCA AGQI traded down $0.03 during mid-day trading on Friday, hitting $18.26. The stock had a trading volume of 1,764 shares, compared to its average volume of 8,079. The company has a 50 day simple moving average of $17.36 and a 200 day simple moving average of $16.52. The company has a market cap of $60.81 million, a price-to-earnings ratio of 18.15 and a beta of 0.91. First Trust Active Global Quality Income ETF has a 52-week low of $12.44 and a 52-week high of $18.36.

First Trust Active Global Quality Income ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were paid a dividend of $0.0772 per share. This is a boost from First Trust Active Global Quality Income ETF’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.31 annualized dividend and a dividend yield of 1.7%.

Institutional Investors Weigh In On First Trust Active Global Quality Income ETF

A number of large investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. raised its position in First Trust Active Global Quality Income ETF by 2.2% during the second quarter. Osaic Holdings Inc. now owns 36,966 shares of the company’s stock worth $569,000 after acquiring an additional 781 shares during the last quarter. Centric Wealth Management grew its position in shares of First Trust Active Global Quality Income ETF by 5.7% in the second quarter. Centric Wealth Management now owns 36,923 shares of the company’s stock valued at $577,000 after purchasing an additional 1,988 shares during the last quarter. UBS Group AG increased its stake in shares of First Trust Active Global Quality Income ETF by 12.2% during the 3rd quarter. UBS Group AG now owns 35,685 shares of the company’s stock worth $571,000 after purchasing an additional 3,879 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of First Trust Active Global Quality Income ETF during the 4th quarter worth approximately $105,000. Finally, Prospera Financial Services Inc raised its position in shares of First Trust Active Global Quality Income ETF by 15.3% during the 4th quarter. Prospera Financial Services Inc now owns 56,358 shares of the company’s stock worth $930,000 after purchasing an additional 7,462 shares during the last quarter.

About First Trust Active Global Quality Income ETF

The First Trust Active Global Quality Income ETF -VIII- (AGQI) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed portfolio of globally listed dividend-paying equities selected using fundamental analysis. The fund seeks to provide income with the potential for long-term capital appreciation AGQI was launched on Sep 24, 2015 and is issued by First Trust.