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

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) saw a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 70,400 shares, an increase of 19.3% from the January 15th total of 59,000 shares. Based on an average trading volume of 229,200 shares, the days-to-cover ratio is presently 0.3 days.

First Trust NASDAQ BuyWrite Income ETF Stock Performance

FTQI opened at $21.32 on Monday. First Trust NASDAQ BuyWrite Income ETF has a 1 year low of $18.23 and a 1 year high of $21.49. The company’s 50 day simple moving average is $21.08 and its 200 day simple moving average is $20.66. The stock has a market capitalization of $570.31 million, a PE ratio of 29.15 and a beta of 0.52.

First Trust NASDAQ BuyWrite Income ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were paid a dividend of $0.207 per share. The ex-dividend date was Wednesday, January 22nd. This is a boost from First Trust NASDAQ BuyWrite Income ETF’s previous dividend of $0.20.

Institutional Trading of First Trust NASDAQ BuyWrite Income ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Arete Wealth Advisors LLC grew its position in First Trust NASDAQ BuyWrite Income ETF by 3.2% during the fourth quarter. Arete Wealth Advisors LLC now owns 17,706 shares of the company’s stock valued at $369,000 after acquiring an additional 543 shares during the period. Wedbush Securities Inc. lifted its stake in shares of First Trust NASDAQ BuyWrite Income ETF by 2.3% in the 4th quarter. Wedbush Securities Inc. now owns 31,759 shares of the company’s stock valued at $661,000 after purchasing an additional 717 shares in the last quarter. Atria Wealth Solutions Inc. grew its holdings in shares of First Trust NASDAQ BuyWrite Income ETF by 7.9% during the 4th quarter. Atria Wealth Solutions Inc. now owns 14,999 shares of the company’s stock worth $312,000 after purchasing an additional 1,098 shares during the period. Global Retirement Partners LLC purchased a new stake in shares of First Trust NASDAQ BuyWrite Income ETF during the 4th quarter worth about $32,000. Finally, MML Investors Services LLC increased its position in First Trust NASDAQ BuyWrite Income ETF by 4.6% during the 3rd quarter. MML Investors Services LLC now owns 43,080 shares of the company’s stock worth $882,000 after purchasing an additional 1,883 shares in the last quarter.

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.