Short Interest in First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Expands By 87.6%

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 72,114 shares, an increase of 87.6% from the July 30th total of 38,447 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 190,253 shares, the days-to-cover ratio is currently 0.4 days.

First Trust NASDAQ BuyWrite Income ETF Trading Down 0.0%

NASDAQ:FTQI opened at $21.95 on Tuesday. First Trust NASDAQ BuyWrite Income ETF has a 12 month low of $19.23 and a 12 month high of $22.46. The stock has a market capitalization of $918.61 million, a price-to-earnings ratio of 32.31 and a beta of 0.63. The firm has a fifty day simple moving average of $22.02 and a two-hundred day simple moving average of $21.35.

First Trust NASDAQ BuyWrite Income ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 21st were given a dividend of $0.222 per share. This represents a c) dividend on an annualized basis and a dividend yield of 12.1%. The ex-dividend date of this dividend was Friday, August 21st.

Institutional Trading of First Trust NASDAQ BuyWrite Income ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. LPL Financial LLC raised its stake in First Trust NASDAQ BuyWrite Income ETF by 10.7% during the 4th quarter. LPL Financial LLC now owns 3,185,721 shares of the company’s stock worth $66,327,000 after buying an additional 307,710 shares during the period. Wells Fargo & Company MN increased its holdings in shares of First Trust NASDAQ BuyWrite Income ETF by 26.2% during the fourth quarter. Wells Fargo & Company MN now owns 2,011,400 shares of the company’s stock valued at $41,877,000 after acquiring an additional 417,518 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of First Trust NASDAQ BuyWrite Income ETF by 3.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 1,137,323 shares of the company’s stock valued at $23,679,000 after acquiring an additional 34,266 shares in the last quarter. Spartan Wealth Advisory Services LLC bought a new stake in shares of First Trust NASDAQ BuyWrite Income ETF during the first quarter valued at approximately $10,234,000. Finally, Cetera Investment Advisers raised its position in shares of First Trust NASDAQ BuyWrite Income ETF by 16.7% during the first quarter. Cetera Investment Advisers now owns 364,351 shares of the company’s stock worth $7,258,000 after purchasing an additional 52,045 shares during the period.

First Trust NASDAQ BuyWrite Income ETF Company Profile

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.