Short Interest in First Trust BuyWrite Income ETF (NASDAQ:FTHI) Expands By 29.4%

First Trust BuyWrite Income ETF (NASDAQ:FTHI) was the target of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 85,150 shares, an increase of 29.4% from the February 12th total of 65,781 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 673,690 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 673,690 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Investors Weigh In On First Trust BuyWrite Income ETF

Several large investors have recently made changes to their positions in FTHI. LPL Financial LLC grew its stake in shares of First Trust BuyWrite Income ETF by 19.6% in the fourth quarter. LPL Financial LLC now owns 9,018,353 shares of the company’s stock valued at $213,013,000 after buying an additional 1,478,322 shares in the last quarter. Wells Fargo & Company MN raised its position in First Trust BuyWrite Income ETF by 10.8% during the fourth quarter. Wells Fargo & Company MN now owns 6,444,777 shares of the company’s stock worth $152,226,000 after acquiring an additional 626,512 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in First Trust BuyWrite Income ETF by 9.1% in the third quarter. Envestnet Asset Management Inc. now owns 3,248,815 shares of the company’s stock valued at $77,029,000 after acquiring an additional 270,466 shares during the last quarter. D.A. Davidson & CO. lifted its stake in First Trust BuyWrite Income ETF by 6.9% in the fourth quarter. D.A. Davidson & CO. now owns 2,804,828 shares of the company’s stock valued at $66,250,000 after acquiring an additional 180,961 shares during the last quarter. Finally, Ergawealth Advisors Inc. grew its position in shares of First Trust BuyWrite Income ETF by 87.2% in the 4th quarter. Ergawealth Advisors Inc. now owns 2,097,358 shares of the company’s stock valued at $49,540,000 after acquiring an additional 976,948 shares during the period.

First Trust BuyWrite Income ETF Stock Performance

FTHI traded down $0.13 on Friday, hitting $23.03. 525,614 shares of the company were exchanged, compared to its average volume of 726,364. The stock’s fifty day moving average is $23.75 and its 200-day moving average is $23.67. First Trust BuyWrite Income ETF has a 12 month low of $19.07 and a 12 month high of $24.18. The company has a market cap of $1.91 billion, a PE ratio of 25.34 and a beta of 0.64.

First Trust BuyWrite Income ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were given a dividend of $0.177 per share. The ex-dividend date of this dividend was Friday, February 20th. This represents a c) annualized dividend and a dividend yield of 9.2%.

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.