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

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) saw a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 36,800 shares, a drop of 59.4% from the March 31st total of 90,700 shares. Based on an average daily volume of 134,400 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On First Trust NASDAQ BuyWrite Income ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. IFP Advisors Inc purchased a new position in First Trust NASDAQ BuyWrite Income ETF during the 3rd quarter valued at approximately $39,000. Kestra Advisory Services LLC purchased a new position in shares of First Trust NASDAQ BuyWrite Income ETF in the third quarter valued at $261,000. Channel Wealth LLC bought a new stake in First Trust NASDAQ BuyWrite Income ETF in the fourth quarter worth $364,000. Capital Investment Advisory Services LLC raised its stake in First Trust NASDAQ BuyWrite Income ETF by 64.3% during the fourth quarter. Capital Investment Advisory Services LLC now owns 18,584 shares of the company’s stock valued at $368,000 after purchasing an additional 7,274 shares in the last quarter. Finally, Commonwealth Equity Services LLC bought a new position in First Trust NASDAQ BuyWrite Income ETF during the third quarter valued at $245,000.

First Trust NASDAQ BuyWrite Income ETF Stock Performance

Shares of FTQI traded up $0.16 during mid-day trading on Friday, reaching $19.94. The stock had a trading volume of 78,530 shares, compared to its average volume of 127,186. The business has a fifty day moving average of $20.32 and a 200 day moving average of $19.88. The firm has a market cap of $279.16 million, a price-to-earnings ratio of 28.18 and a beta of 0.52. First Trust NASDAQ BuyWrite Income ETF has a 12 month low of $18.15 and a 12 month high of $20.85.

First Trust NASDAQ BuyWrite Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 24th will be issued a dividend of $0.204 per share. This is a positive change from First Trust NASDAQ BuyWrite Income ETF’s previous monthly dividend of $0.20. This represents a $2.45 dividend on an annualized basis and a yield of 12.28%. The ex-dividend date of this dividend is Tuesday, April 23rd.

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.