Short Interest in First Trust Small Cap BuyWrite Income ETF (NYSEARCA:FTKI) Drops By 60.7%

First Trust Small Cap BuyWrite Income ETF (NYSEARCA:FTKI) was the target of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 2,895 shares, a drop of 60.7% from the June 30th total of 7,363 shares. Based on an average trading volume of 5,758 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.2% of the company’s shares are short sold.

First Trust Small Cap BuyWrite Income ETF Price Performance

NYSEARCA FTKI opened at $19.74 on Monday. The business’s fifty day simple moving average is $19.84 and its 200-day simple moving average is $19.70. The firm has a market cap of $24.67 million, a PE ratio of 17.98 and a beta of 0.30. First Trust Small Cap BuyWrite Income ETF has a 52 week low of $18.07 and a 52 week high of $20.69.

Hedge Funds Weigh In On First Trust Small Cap BuyWrite Income ETF

A hedge fund recently raised its stake in First Trust Small Cap BuyWrite Income ETF stock. Royal Bank of Canada raised its position in First Trust Small Cap BuyWrite Income ETF (NYSEARCA:FTKI) by 203.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,582 shares of the company’s stock after purchasing an additional 11,791 shares during the quarter. Royal Bank of Canada owned about 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 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.