First Trust BuyWrite Income ETF (NASDAQ:FTHI) Stock Short Interest Report for October

First Trust BuyWrite Income ETF (NASDAQ:FTHI) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 202,710 shares, an increase of 94.8% from the September 30th total of 104,077 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 613,903 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of FTHI. International Assets Investment Management LLC lifted its position in shares of First Trust BuyWrite Income ETF by 25.7% during the 3rd quarter. International Assets Investment Management LLC now owns 66,441 shares of the company’s stock valued at $1,568,000 after buying an additional 13,599 shares in the last quarter. Kestra Advisory Services LLC grew its stake in shares of First Trust BuyWrite Income ETF by 49.2% during the 3rd quarter. Kestra Advisory Services LLC now owns 365,630 shares of the company’s stock valued at $8,625,000 after acquiring an additional 120,639 shares during the period. Commonwealth Equity Services LLC purchased a new stake in First Trust BuyWrite Income ETF in the 3rd quarter worth approximately $43,473,000. Chicago Partners Investment Group LLC increased its holdings in First Trust BuyWrite Income ETF by 7.9% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 231,214 shares of the company’s stock worth $5,397,000 after acquiring an additional 16,982 shares in the last quarter. Finally, Integrity Alliance LLC. purchased a new stake in First Trust BuyWrite Income ETF in the 3rd quarter worth approximately $662,000.

First Trust BuyWrite Income ETF Trading Down 0.5%

Shares of NASDAQ FTHI opened at $23.17 on Tuesday. The firm has a 50 day moving average of $23.75 and a 200 day moving average of $23.70. The firm has a market capitalization of $2.54 billion, a price-to-earnings ratio of 25.34 and a beta of 0.63. First Trust BuyWrite Income ETF has a 12-month low of $22.37 and a 12-month high of $24.39.

First Trust BuyWrite Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, October 30th. Shareholders of record on Wednesday, October 21st were given a $0.1760 dividend. The ex-dividend date was Wednesday, October 21st. This is a drop from First Trust BuyWrite Income ETF’s previous monthly dividend of $0.1790. This represents a $2.11 annualized dividend and a yield of 9.1%.

First Trust BuyWrite Income ETF Company Profile

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.