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 drop in short interest in 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 trading volume of 134,400 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On First Trust NASDAQ BuyWrite Income ETF

Several large investors have recently added to or reduced their stakes in FTQI. CWM LLC boosted its position in shares of First Trust NASDAQ BuyWrite Income ETF by 534.8% during the 3rd quarter. CWM LLC now owns 10,106 shares of the company’s stock valued at $191,000 after acquiring an additional 8,514 shares during the last quarter. IFP Advisors Inc purchased a new stake in shares of First Trust NASDAQ BuyWrite Income ETF during the third quarter valued at $39,000. Commonwealth Equity Services LLC bought a new position in First Trust NASDAQ BuyWrite Income ETF in the 3rd quarter worth about $245,000. Cambridge Investment Research Advisors Inc. grew its stake in First Trust NASDAQ BuyWrite Income ETF by 29.2% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 15,628 shares of the company’s stock worth $295,000 after purchasing an additional 3,535 shares in the last quarter. Finally, Capital Investment Advisory Services LLC increased its stake in shares of First Trust NASDAQ BuyWrite Income ETF by 4.9% during the third quarter. Capital Investment Advisory Services LLC now owns 11,310 shares of the company’s stock valued at $213,000 after buying an additional 530 shares during the period.

First Trust NASDAQ BuyWrite Income ETF Stock Up 0.8 %

FTQI traded up $0.16 during midday trading on Friday, hitting $19.94. 78,530 shares of the company traded hands, compared to its average volume of 127,186. The firm has a market capitalization of $279.16 million, a PE ratio of 28.18 and a beta of 0.52. The company’s 50-day moving average is $20.32 and its 200 day moving average is $19.88. First Trust NASDAQ BuyWrite Income ETF has a 52 week low of $18.15 and a 52 week high of $20.85.

First Trust NASDAQ BuyWrite Income ETF Increases Dividend

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

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.