First Trust Small Cap BuyWrite Income ETF (NYSEARCA:FTKI – Get Free Report) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 6,082 shares, an increase of 315.2% from the May 31st total of 1,465 shares. Based on an average daily trading volume, of 6,783 shares, the short-interest ratio is presently 0.9 days. Currently, 0.5% of the company’s stock are short sold.
Institutional Investors Weigh In On First Trust Small Cap BuyWrite Income ETF
A hedge fund recently raised its position in First Trust Small Cap BuyWrite Income ETF stock. Royal Bank of Canada raised its stake in shares of First Trust Small Cap BuyWrite Income ETF (NYSEARCA:FTKI – Free Report) by 203.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,582 shares of the company’s stock after purchasing an additional 11,791 shares during the period. Royal Bank of Canada owned 1.53% of First Trust Small Cap BuyWrite Income ETF worth $340,000 as of its most recent SEC filing.
First Trust Small Cap BuyWrite Income ETF Stock Performance
Shares of FTKI traded up $0.04 during trading hours on Friday, hitting $19.82. 2,787 shares of the company were exchanged, compared to its average volume of 14,677. The company has a market cap of $22.79 million, a PE ratio of 17.98 and a beta of 0.33. The firm’s 50 day moving average is $19.73 and its 200-day moving average is $19.56. First Trust Small Cap BuyWrite Income ETF has a 52 week low of $18.07 and a 52 week high of $20.69.
First Trust Small Cap BuyWrite Income ETF Company Profile
The First Trust Small Cap BuyWrite Income ETF (FTKI) is an exchange-traded fund that mostly invests in small-cap stocks. The fund seeks to provide current income and capital appreciation by holding a portfolio of US-listed small cap equities, while utilizing a naked call writing strategy on the Russell 2000 Index or on small-cap ETF. FTKI was launched on Feb 26, 2025 and is issued by First Trust.
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