First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Short Interest Update

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) was the recipient of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 38,447 shares, a decrease of 50.5% from the July 15th total of 77,620 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 490,685 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On First Trust NASDAQ BuyWrite Income ETF

A number of large investors have recently made changes to their positions in FTQI. Sigma Planning Corp boosted its holdings in First Trust NASDAQ BuyWrite Income ETF by 128.2% in the fourth quarter. Sigma Planning Corp now owns 58,097 shares of the company’s stock valued at $1,209,000 after acquiring an additional 32,637 shares in the last quarter. Kestra Advisory Services LLC increased its position in shares of First Trust NASDAQ BuyWrite Income ETF by 141.0% during the first quarter. Kestra Advisory Services LLC now owns 68,795 shares of the company’s stock valued at $1,370,000 after buying an additional 40,254 shares during the period. World Investment Advisors boosted its position in First Trust NASDAQ BuyWrite Income ETF by 104.9% during the 4th quarter. World Investment Advisors now owns 46,906 shares of the company’s stock valued at $977,000 after acquiring an additional 24,013 shares in the last quarter. RFG Advisory LLC grew its holdings in shares of First Trust NASDAQ BuyWrite Income ETF by 62.5% during the 1st quarter. RFG Advisory LLC now owns 121,423 shares of the company’s stock worth $2,419,000 after acquiring an additional 46,696 shares during the period. Finally, Janney Montgomery Scott LLC raised its position in shares of First Trust NASDAQ BuyWrite Income ETF by 38.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 199,613 shares of the company’s stock worth $3,976,000 after acquiring an additional 55,891 shares in the last quarter.

First Trust NASDAQ BuyWrite Income ETF Stock Down 0.9%

Shares of First Trust NASDAQ BuyWrite Income ETF stock traded down $0.21 during trading on Tuesday, reaching $22.24. 98,162 shares of the stock were exchanged, compared to its average volume of 302,695. The firm has a market cap of $930.74 million, a price-to-earnings ratio of 32.31 and a beta of 0.63. First Trust NASDAQ BuyWrite Income ETF has a 1 year low of $19.23 and a 1 year high of $22.46. The stock’s fifty day moving average is $22.00 and its 200 day moving average is $21.26.

First Trust NASDAQ BuyWrite Income ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st were issued a $0.222 dividend. The ex-dividend date was Tuesday, July 21st. This represents a c) annualized dividend and a yield of 12.0%.

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.