First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Sees Significant Decrease in Short Interest

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) was the target of a significant decrease in short interest in April. As of April 30th, there was short interest totaling 76,670 shares, a decrease of 36.8% from the April 15th total of 121,291 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 720,625 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On First Trust NASDAQ BuyWrite Income ETF

Large investors have recently modified their holdings of the business. Ankerstar Wealth LLC acquired a new position in shares of First Trust NASDAQ BuyWrite Income ETF during the fourth quarter valued at about $33,000. Sound Income Strategies LLC boosted its stake in First Trust NASDAQ BuyWrite Income ETF by 971.5% in the 4th quarter. Sound Income Strategies LLC now owns 2,143 shares of the company’s stock worth $45,000 after purchasing an additional 1,943 shares in the last quarter. Fifth Third Bancorp purchased a new stake in First Trust NASDAQ BuyWrite Income ETF during the 1st quarter worth approximately $134,000. Advisory Services Network LLC acquired a new position in First Trust NASDAQ BuyWrite Income ETF during the 3rd quarter valued at approximately $143,000. Finally, Sunbelt Securities Inc. increased its stake in First Trust NASDAQ BuyWrite Income ETF by 275.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 7,512 shares of the company’s stock valued at $155,000 after purchasing an additional 5,512 shares in the last quarter.

First Trust NASDAQ BuyWrite Income ETF Stock Performance

Shares of FTQI opened at $21.59 on Tuesday. The firm has a market cap of $818.26 million, a PE ratio of 32.31 and a beta of 0.63. First Trust NASDAQ BuyWrite Income ETF has a 12 month low of $18.72 and a 12 month high of $21.81. The stock has a fifty day moving average price of $20.72 and a 200-day moving average price of $20.75.

First Trust NASDAQ BuyWrite Income ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Thursday, April 30th. Shareholders of record on Tuesday, April 21st were paid a $0.199 dividend. The ex-dividend date was Tuesday, April 21st.

About First Trust NASDAQ BuyWrite Income ETF

The First Trust Nasdaq BuyWrite Income ETF (FTQI) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively-managed portfolio of US stocks, with an options overlay of short calls on the Nasdaq 100. FTQI was launched on Jan 6, 2014 and is managed by First Trust.