First Trust BuyWrite Income ETF (NASDAQ:FTHI) Short Interest Down 26.7% in February

First Trust BuyWrite Income ETF (NASDAQ:FTHI) was the target of a significant drop in short interest in February. As of February 28th, there was short interest totalling 105,900 shares, a drop of 26.7% from the February 13th total of 144,500 shares. Based on an average trading volume of 381,600 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the company’s shares are short sold.

Institutional Trading of First Trust BuyWrite Income ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. SBI Securities Co. Ltd. acquired a new position in First Trust BuyWrite Income ETF during the fourth quarter valued at $28,000. Wilmington Savings Fund Society FSB acquired a new position in shares of First Trust BuyWrite Income ETF in the 3rd quarter valued at about $50,000. Kestra Investment Management LLC acquired a new position in shares of First Trust BuyWrite Income ETF in the 4th quarter valued at about $50,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of First Trust BuyWrite Income ETF in the fourth quarter worth approximately $51,000. Finally, GoalVest Advisory LLC acquired a new stake in shares of First Trust BuyWrite Income ETF during the third quarter worth approximately $53,000.

First Trust BuyWrite Income ETF Stock Up 2.0 %

Shares of FTHI stock traded up $0.44 during trading hours on Friday, reaching $22.06. 278,107 shares of the stock traded hands, compared to its average volume of 266,033. The firm has a market capitalization of $1.09 billion, a PE ratio of 24.49 and a beta of 0.72. First Trust BuyWrite Income ETF has a 1-year low of $20.96 and a 1-year high of $24.09. The business has a fifty day moving average price of $23.22 and a 200 day moving average price of $23.27.

First Trust BuyWrite Income ETF Announces Dividend

The company also recently announced a dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were paid a dividend of $0.174 per share. The ex-dividend date was Friday, February 21st.

First Trust BuyWrite Income ETF Company Profile

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.