First Trust BuyWrite Income ETF (NASDAQ:FTHI) Shares Shorted: Short Interest Down 39.4% in September

First Trust BuyWrite Income ETF (NASDAQ:FTHI) was the recipient of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 104,077 shares, a drop of 39.4% from the September 15th total of 171,636 shares. Based on an average daily volume of 630,310 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

First Trust BuyWrite Income ETF Stock Down 0.5%

Shares of NASDAQ FTHI traded down $0.12 during midday trading on Friday, reaching $23.65. 588,241 shares of the stock were exchanged, compared to its average volume of 709,353. First Trust BuyWrite Income ETF has a twelve month low of $22.37 and a twelve month high of $24.39. The firm has a market cap of $2.54 billion, a price-to-earnings ratio of 25.34 and a beta of 0.63. The firm has a 50-day simple moving average of $23.88 and a two-hundred day simple moving average of $23.76.

First Trust BuyWrite Income ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were paid a dividend of $0.1790 per share. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $2.15 annualized dividend and a yield of 9.1%.

Institutional Investors Weigh In On First Trust BuyWrite Income ETF

Several institutional investors have recently modified their holdings of the company. Royal Bank of Canada grew its holdings in First Trust BuyWrite Income ETF by 22.1% during the 1st quarter. Royal Bank of Canada now owns 2,527,288 shares of the company’s stock valued at $58,001,000 after buying an additional 456,702 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of First Trust BuyWrite Income ETF by 31.1% during the 1st quarter. Cetera Investment Advisers now owns 1,816,393 shares of the company’s stock valued at $41,686,000 after buying an additional 431,366 shares during the last quarter. SHP Wealth Management acquired a new stake in First Trust BuyWrite Income ETF during the fourth quarter valued at approximately $8,423,000. Ameritas Advisory Services LLC raised its holdings in shares of First Trust BuyWrite Income ETF by 652.0% during the second quarter. Ameritas Advisory Services LLC now owns 303,003 shares of the company’s stock worth $7,227,000 after purchasing an additional 262,712 shares during the period. Finally, Farther Finance Advisors LLC grew its stake in First Trust BuyWrite Income ETF by 105.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 454,615 shares of the company’s stock worth $10,724,000 after buying an additional 233,589 shares during the last quarter.

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.