First Trust Small Cap BuyWrite Income ETF (NYSEARCA:FTKI) Sees Significant Decline in Short Interest

First Trust Small Cap BuyWrite Income ETF (NYSEARCA:FTKI) was the recipient of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 4,307 shares, a decline of 78.6% from the April 30th total of 20,150 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,992 shares, the days-to-cover ratio is presently 1.4 days.

First Trust Small Cap BuyWrite Income ETF Stock Up 0.5%

First Trust Small Cap BuyWrite Income ETF stock traded up $0.09 during mid-day trading on Friday, hitting $19.55. The company’s stock had a trading volume of 7,167 shares, compared to its average volume of 16,268. The stock has a market capitalization of $22.48 million, a P/E ratio of 17.98 and a beta of 0.36. First Trust Small Cap BuyWrite Income ETF has a twelve month low of $18.07 and a twelve month high of $20.69. The stock’s fifty day moving average price is $19.62 and its two-hundred day moving average price is $19.43.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in First Trust Small Cap BuyWrite Income ETF stock. Royal Bank of Canada boosted its position in shares of First Trust Small Cap BuyWrite Income ETF (NYSEARCA:FTKI) by 203.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,582 shares of the company’s stock after purchasing an additional 11,791 shares during the period. Royal Bank of Canada owned 1.53% of First Trust Small Cap BuyWrite Income ETF worth $340,000 at the end of the most recent reporting period.

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.