First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Short Interest Update

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 32,167 shares, a decline of 55.4% from the August 15th total of 72,114 shares. Based on an average daily volume of 273,289 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Investors Weigh In On First Trust NASDAQ BuyWrite Income ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FTQI. NewEdge Advisors LLC lifted its position in shares of First Trust NASDAQ BuyWrite Income ETF by 37.6% during the first quarter. NewEdge Advisors LLC now owns 45,146 shares of the company’s stock worth $851,000 after acquiring an additional 12,332 shares in the last quarter. First Trust Advisors LP bought a new position in shares of First Trust NASDAQ BuyWrite Income ETF in the second quarter worth approximately $314,000. Ausdal Financial Partners Inc. bought a new position in shares of First Trust NASDAQ BuyWrite Income ETF in the 2nd quarter worth $209,000. Bank of America Corp DE bought a new stake in shares of First Trust NASDAQ BuyWrite Income ETF during the 2nd quarter worth $178,000. Finally, IHT Wealth Management LLC grew its position in First Trust NASDAQ BuyWrite Income ETF by 2.1% in the second quarter. IHT Wealth Management LLC now owns 61,866 shares of the company’s stock worth $1,210,000 after acquiring an additional 1,295 shares in the last quarter.

First Trust NASDAQ BuyWrite Income ETF Stock Performance

Shares of First Trust NASDAQ BuyWrite Income ETF stock traded down $0.06 during mid-day trading on Monday, hitting $22.04. 408,075 shares of the stock were exchanged, compared to its average volume of 318,203. First Trust NASDAQ BuyWrite Income ETF has a 12 month low of $19.23 and a 12 month high of $22.46. The company has a 50-day simple moving average of $22.04 and a 200 day simple moving average of $21.44. The company has a market capitalization of $922.37 million, a P/E ratio of 32.31 and a beta of 0.63.

First Trust NASDAQ BuyWrite Income ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 21st were paid a dividend of $0.222 per share. This represents a c) dividend on an annualized basis and a dividend yield of 12.1%. The ex-dividend date was Friday, August 21st.

First Trust NASDAQ BuyWrite Income ETF Company Profile

The First Trust Nasdaq BuyWrite Income ETF (FTQI) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively-managed portfolio of US stocks, with an options overlay of short calls on the Nasdaq 100. FTQI was launched on Jan 6, 2014 and is managed by First Trust.