Short Interest in First Trust BuyWrite Income ETF (NASDAQ:FTHI) Expands By 187.5%

First Trust BuyWrite Income ETF (NASDAQ:FTHI) was the recipient of a significant increase in short interest in October. As of October 31st, there was short interest totalling 128,500 shares, an increase of 187.5% from the October 15th total of 44,700 shares. Based on an average trading volume of 196,100 shares, the days-to-cover ratio is currently 0.7 days.

First Trust BuyWrite Income ETF Trading Down 0.2 %

Shares of First Trust BuyWrite Income ETF stock opened at $23.71 on Friday. The firm has a market capitalization of $996.29 million, a PE ratio of 18.59 and a beta of 0.72. The firm’s 50 day moving average is $23.11 and its 200 day moving average is $22.69. First Trust BuyWrite Income ETF has a 1 year low of $20.78 and a 1 year high of $23.90.

First Trust BuyWrite Income ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 22nd were given a $0.172 dividend. The ex-dividend date was Tuesday, October 22nd. This represents a $2.06 annualized dividend and a yield of 8.71%.

Institutional Trading of First Trust BuyWrite Income ETF

Hedge funds have recently made changes to their positions in the company. Arete Wealth Advisors LLC grew its position in shares of First Trust BuyWrite Income ETF by 15.2% in the 3rd quarter. Arete Wealth Advisors LLC now owns 10,341 shares of the company’s stock valued at $237,000 after buying an additional 1,361 shares during the last quarter. Rockefeller Capital Management L.P. acquired a new position in shares of First Trust BuyWrite Income ETF in the third quarter worth approximately $2,779,000. CreativeOne Wealth LLC bought a new stake in First Trust BuyWrite Income ETF in the third quarter valued at approximately $5,665,000. D.A. Davidson & CO. increased its position in First Trust BuyWrite Income ETF by 3.5% during the 3rd quarter. D.A. Davidson & CO. now owns 102,876 shares of the company’s stock valued at $2,368,000 after purchasing an additional 3,485 shares during the period. Finally, Gentry Private Wealth LLC acquired a new stake in First Trust BuyWrite Income ETF during the 3rd quarter valued at approximately $641,000.

About First Trust BuyWrite Income ETF

The First Trust BuyWrite Income ETF (FTHI) is an exchange-traded fund that is based on the S&P 500 index. The fund is an actively managed portfolio of US-listed stocks, with an overlay of short calls on the S&P 500. FTHI was launched on Jan 6, 2014 and is managed by First Trust.