First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Short Interest Down 51.1% in December

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totaling 42,636 shares, a decrease of 51.1% from the December 15th total of 87,110 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 157,318 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 157,318 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are short sold.

First Trust NASDAQ BuyWrite Income ETF Stock Up 0.4%

FTQI traded up $0.08 on Thursday, reaching $21.05. The company’s stock had a trading volume of 107,393 shares, compared to its average volume of 302,783. The company has a market capitalization of $768.33 million, a price-to-earnings ratio of 32.31 and a beta of 0.59. First Trust NASDAQ BuyWrite Income ETF has a fifty-two week low of $16.25 and a fifty-two week high of $21.36. The stock has a 50 day moving average of $20.81 and a two-hundred day moving average of $20.46.

First Trust NASDAQ BuyWrite Income ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were paid a dividend of $0.205 per share. This represents a c) annualized dividend and a yield of 11.7%. The ex-dividend date was Friday, December 12th.

Hedge Funds Weigh In On First Trust NASDAQ BuyWrite Income ETF

Several large investors have recently bought and sold shares of the stock. Blue Trust Inc. purchased a new position in shares of First Trust NASDAQ BuyWrite Income ETF during the second quarter worth about $49,000. Advisory Services Network LLC acquired a new stake in shares of First Trust NASDAQ BuyWrite Income ETF in the 3rd quarter valued at about $143,000. Sunbelt Securities Inc. grew 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 worth $155,000 after buying an additional 5,512 shares during the last quarter. IMG Wealth Management Inc. grew its stake in First Trust NASDAQ BuyWrite Income ETF by 16.8% during the 2nd quarter. IMG Wealth Management Inc. now owns 8,517 shares of the company’s stock worth $167,000 after buying an additional 1,222 shares during the last quarter. Finally, Bank of America Corp DE acquired a new position in First Trust NASDAQ BuyWrite Income ETF during the second quarter worth approximately $178,000.

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.