First Trust BuyWrite Income ETF (NASDAQ:FTHI) Sees Large Decline in Short Interest

First Trust BuyWrite Income ETF (NASDAQ:FTHI) was the target of a significant decline in short interest in April. As of April 30th, there was short interest totaling 109,176 shares, a decline of 35.4% from the April 15th total of 168,962 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 1,061,956 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On First Trust BuyWrite Income ETF

Institutional investors have recently modified their holdings of the business. Ascentis Independent Advisors acquired a new position in shares of First Trust BuyWrite Income ETF in the first quarter worth $26,000. JPMorgan Chase & Co. acquired a new position in shares of First Trust BuyWrite Income ETF in the third quarter worth $27,000. Aventura Private Wealth LLC acquired a new position in shares of First Trust BuyWrite Income ETF in the fourth quarter worth $51,000. Global Retirement Partners LLC lifted its position in shares of First Trust BuyWrite Income ETF by 15.4% during the 4th quarter. Global Retirement Partners LLC now owns 3,783 shares of the company’s stock worth $89,000 after purchasing an additional 504 shares during the last quarter. Finally, IMG Wealth Management Inc. lifted its position in shares of First Trust BuyWrite Income ETF by 15.8% during the 1st quarter. IMG Wealth Management Inc. now owns 5,594 shares of the company’s stock worth $128,000 after purchasing an additional 763 shares during the last quarter.

First Trust BuyWrite Income ETF Stock Down 0.2%

NASDAQ:FTHI opened at $23.81 on Wednesday. The company has a fifty day simple moving average of $23.41 and a two-hundred day simple moving average of $23.61. The company has a market cap of $2.15 billion, a price-to-earnings ratio of 25.34 and a beta of 0.63. First Trust BuyWrite Income ETF has a 52 week low of $21.67 and a 52 week high of $24.18.

First Trust BuyWrite Income ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, April 30th. Shareholders of record on Tuesday, April 21st were paid a $0.172 dividend. The ex-dividend date was Tuesday, April 21st.

About First Trust BuyWrite Income ETF

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.