Short Interest in First Trust BuyWrite Income ETF (NASDAQ:FTHI) Decreases By 68.7%

First Trust BuyWrite Income ETF (NASDAQ:FTHI) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totaling 95,878 shares, a decrease of 68.7% from the July 15th total of 306,098 shares. Based on an average daily trading volume, of 978,467 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On First Trust BuyWrite Income ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Global Retirement Partners LLC increased 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 in the last quarter. LVZ Inc. boosted its position in First Trust BuyWrite Income ETF by 0.9% in the first quarter. LVZ Inc. now owns 64,152 shares of the company’s stock valued at $1,472,000 after buying an additional 551 shares in the last quarter. Novem Group boosted its position in First Trust BuyWrite Income ETF by 5.0% in the fourth quarter. Novem Group now owns 11,569 shares of the company’s stock valued at $273,000 after buying an additional 552 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its stake in First Trust BuyWrite Income ETF by 4.6% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 12,593 shares of the company’s stock worth $300,000 after buying an additional 552 shares during the last quarter. Finally, Gentry Private Wealth LLC grew its stake in First Trust BuyWrite Income ETF by 2.8% during the first quarter. Gentry Private Wealth LLC now owns 21,321 shares of the company’s stock worth $489,000 after buying an additional 573 shares during the last quarter.

First Trust BuyWrite Income ETF Trading Up 0.2%

FTHI stock traded up $0.06 during trading on Friday, hitting $24.33. The company had a trading volume of 385,960 shares, compared to its average volume of 718,821. The company has a fifty day moving average price of $23.81 and a two-hundred day moving average price of $23.67. The company has a market cap of $2.47 billion, a P/E ratio of 25.34 and a beta of 0.62. First Trust BuyWrite Income ETF has a fifty-two week low of $22.37 and a fifty-two week high of $24.36.

First Trust BuyWrite Income ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st were issued a dividend of $0.179 per share. The ex-dividend date of this dividend was Tuesday, July 21st. This is a boost from First Trust BuyWrite Income ETF’s previous dividend of $0.17.

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.