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

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) saw a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 42,636 shares, a drop of 51.1% from the December 15th total of 87,110 shares. Based on an average daily volume of 157,318 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are short sold. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 157,318 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On First Trust NASDAQ BuyWrite Income ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. IFP Advisors Inc raised its stake in shares of First Trust NASDAQ BuyWrite Income ETF by 2.4% during the second quarter. IFP Advisors Inc now owns 22,361 shares of the company’s stock worth $437,000 after acquiring an additional 520 shares in the last quarter. Channel Wealth LLC boosted its stake in shares of First Trust NASDAQ BuyWrite Income ETF by 2.5% in the 2nd quarter. Channel Wealth LLC now owns 22,618 shares of the company’s stock worth $442,000 after buying an additional 546 shares during the last quarter. Smith Moore & CO. lifted its position in First Trust NASDAQ BuyWrite Income ETF by 5.6% during the third quarter. Smith Moore & CO. now owns 11,514 shares of the company’s stock valued at $237,000 after purchasing an additional 606 shares in the last quarter. Tyler Stone Wealth Management raised its holdings in First Trust NASDAQ BuyWrite Income ETF by 3.6% during the second quarter. Tyler Stone Wealth Management now owns 18,760 shares of the company’s stock valued at $367,000 after acquiring an additional 656 shares during the period. Finally, RiverTree Advisors LLC increased its holdings in shares of First Trust NASDAQ BuyWrite Income ETF by 0.5% in the fourth quarter. RiverTree Advisors LLC now owns 133,992 shares of the company’s stock worth $2,790,000 after purchasing an additional 696 shares during the last quarter.

First Trust NASDAQ BuyWrite Income ETF Price Performance

Shares of First Trust NASDAQ BuyWrite Income ETF stock traded down $0.03 during trading on Friday, hitting $20.99. The company’s stock had a trading volume of 308,069 shares, compared to its average volume of 308,870. The stock has a market cap of $766.14 million, a price-to-earnings ratio of 32.31 and a beta of 0.59. The stock has a 50-day moving average price of $20.82 and a two-hundred day moving average price of $20.47. First Trust NASDAQ BuyWrite Income ETF has a 52 week low of $16.25 and a 52 week high of $21.36.

First Trust NASDAQ BuyWrite Income ETF Announces Dividend

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

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.