Short Interest in First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Increases By 128.1%

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 97,270 shares, a growth of 128.1% from the December 31st total of 42,636 shares. Based on an average daily trading volume, of 308,008 shares, the short-interest ratio is presently 0.3 days. Currently, 0.3% of the shares of the company are sold short. Currently, 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 308,008 shares, the short-interest ratio is presently 0.3 days.

Institutional Trading of First Trust NASDAQ BuyWrite Income ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in FTQI. Fifth Third Securities Inc. increased its holdings in First Trust NASDAQ BuyWrite Income ETF by 6.6% in the third quarter. Fifth Third Securities Inc. now owns 595,389 shares of the company’s stock valued at $12,265,000 after buying an additional 36,979 shares in the last quarter. PFG Investments LLC grew its position in shares of First Trust NASDAQ BuyWrite Income ETF by 47.4% during the 2nd quarter. PFG Investments LLC now owns 18,335 shares of the company’s stock valued at $359,000 after acquiring an additional 5,892 shares during the period. B. Riley Wealth Advisors Inc. purchased a new position in shares of First Trust NASDAQ BuyWrite Income ETF in the 2nd quarter valued at about $1,213,000. Private Trust Co. NA raised its holdings in First Trust NASDAQ BuyWrite Income ETF by 10.2% in the 2nd quarter. Private Trust Co. NA now owns 45,779 shares of the company’s stock worth $895,000 after purchasing an additional 4,221 shares during the period. Finally, Avantax Advisory Services Inc. raised its holdings in First Trust NASDAQ BuyWrite Income ETF by 2.5% in the 2nd quarter. Avantax Advisory Services Inc. now owns 105,493 shares of the company’s stock worth $2,063,000 after purchasing an additional 2,529 shares during the period.

First Trust NASDAQ BuyWrite Income ETF Stock Performance

FTQI stock traded down $0.15 during midday trading on Thursday, reaching $20.89. The stock had a trading volume of 146,253 shares, compared to its average volume of 275,229. The firm has a fifty day simple moving average of $20.84 and a two-hundred day simple moving average of $20.55. First Trust NASDAQ BuyWrite Income ETF has a 52-week low of $16.25 and a 52-week high of $21.36. The stock has a market cap of $769.80 million, a PE ratio of 32.31 and a beta of 0.59.

First Trust NASDAQ BuyWrite Income ETF Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Wednesday, January 21st will be given a $0.207 dividend. This is an increase from First Trust NASDAQ BuyWrite Income ETF’s previous monthly dividend of $0.21. This represents a c) dividend on an annualized basis and a yield of 11.9%. The ex-dividend date is Wednesday, January 21st.

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.