First Trust Small Cap BuyWrite Income ETF (NYSEARCA:FTKI – Get Free Report) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 6,513 shares, a growth of 236.2% from the August 15th total of 1,937 shares. Based on an average daily trading volume, of 6,207 shares, the short-interest ratio is presently 1.0 days. Currently, 0.5% of the shares of the company are sold short.
Hedge Funds Weigh In On First Trust Small Cap BuyWrite Income ETF
An institutional investor recently raised its position in First Trust Small Cap BuyWrite Income ETF stock. Royal Bank of Canada grew its position in shares of First Trust Small Cap BuyWrite Income ETF (NYSEARCA:FTKI – Free Report) by 203.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,582 shares of the company’s stock after buying an additional 11,791 shares during the quarter. Royal Bank of Canada owned 1.53% of First Trust Small Cap BuyWrite Income ETF worth $340,000 as of its most recent filing with the SEC.
First Trust Small Cap BuyWrite Income ETF Stock Up 0.8%
FTKI stock traded up $0.15 during trading on Friday, hitting $19.82. The company had a trading volume of 9,657 shares, compared to its average volume of 12,537. The firm has a market cap of $24.77 million, a PE ratio of 17.98 and a beta of 0.30. The firm has a 50-day moving average price of $20.09 and a 200-day moving average price of $19.85. First Trust Small Cap BuyWrite Income ETF has a 1-year low of $18.07 and a 1-year high of $21.63.
About First Trust Small Cap BuyWrite Income ETF
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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