First Trust BuyWrite Income ETF (NASDAQ:FTHI) Sees Significant Increase in Short Interest

First Trust BuyWrite Income ETF (NASDAQ:FTHI) saw a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 146,622 shares, a growth of 52.9% from the July 30th total of 95,878 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 477,681 shares, the days-to-cover ratio is presently 0.3 days.

First Trust BuyWrite Income ETF Price Performance

Shares of FTHI traded up $0.02 during mid-day trading on Wednesday, hitting $23.73. 71,506 shares of the company’s stock were exchanged, compared to its average volume of 710,400. First Trust BuyWrite Income ETF has a 52 week low of $22.37 and a 52 week high of $24.39. The company has a market cap of $2.41 billion, a PE ratio of 25.34 and a beta of 0.62. The company has a 50-day simple moving average of $23.85 and a 200 day simple moving average of $23.67.

First Trust BuyWrite Income ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Monday, August 31st. Shareholders of record on Friday, August 21st were paid a $0.179 dividend. The ex-dividend date was Friday, August 21st.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in FTHI. Ameritas Advisory Services LLC raised its holdings in First Trust BuyWrite Income ETF by 652.0% in the 2nd quarter. Ameritas Advisory Services LLC now owns 303,003 shares of the company’s stock valued at $7,227,000 after acquiring an additional 262,712 shares in the last quarter. PCG Wealth Advisors LLC bought a new stake in shares of First Trust BuyWrite Income ETF during the 2nd quarter valued at approximately $319,000. Asset Allocation Strategies LLC grew its stake in shares of First Trust BuyWrite Income ETF by 51.6% during the second quarter. Asset Allocation Strategies LLC now owns 18,477 shares of the company’s stock worth $441,000 after buying an additional 6,291 shares during the last quarter. Legacy Wealth Managment LLC ID increased its holdings in First Trust BuyWrite Income ETF by 95.6% in the 2nd quarter. Legacy Wealth Managment LLC ID now owns 137,965 shares of the company’s stock worth $3,290,000 after purchasing an additional 67,425 shares in the last quarter. Finally, Concurrent Investment Advisors LLC boosted its position in First Trust BuyWrite Income ETF by 14.4% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 165,981 shares of the company’s stock worth $3,959,000 after buying an additional 20,942 shares during the period.

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.