Short Interest in First Trust BuyWrite Income ETF (NASDAQ:FTHI) Rises By 133.6%

First Trust BuyWrite Income ETF (NASDAQ:FTHI) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 280,128 shares, an increase of 133.6% from the May 31st total of 119,921 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average trading volume of 742,715 shares, the days-to-cover ratio is currently 0.4 days.

First Trust BuyWrite Income ETF Trading Down 0.4%

Shares of NASDAQ:FTHI traded down $0.10 during midday trading on Wednesday, hitting $23.75. The company had a trading volume of 391,052 shares, compared to its average volume of 709,631. First Trust BuyWrite Income ETF has a 12 month low of $22.37 and a 12 month high of $24.18. The firm has a fifty day simple moving average of $23.76 and a 200 day simple moving average of $23.64. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of 25.34 and a beta of 0.62.

First Trust BuyWrite Income ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a dividend of $0.172 per share. The ex-dividend date was Thursday, June 25th.

Institutional Trading of First Trust BuyWrite Income ETF

Hedge funds have recently modified their holdings of the company. Ascentis Independent Advisors acquired a new position in First Trust BuyWrite Income ETF during the first quarter valued at approximately $26,000. JPMorgan Chase & Co. acquired a new stake in First Trust BuyWrite Income ETF in the third quarter worth $27,000. Aventura Private Wealth LLC bought a new position in shares of First Trust BuyWrite Income ETF during the fourth quarter worth $51,000. Global Retirement Partners LLC boosted its position in shares of First Trust BuyWrite Income ETF by 15.4% during the fourth quarter. Global Retirement Partners LLC now owns 3,783 shares of the company’s stock worth $89,000 after purchasing an additional 504 shares in the last quarter. Finally, IMG Wealth Management Inc. grew its holdings in shares of First Trust BuyWrite Income ETF by 15.8% in the 1st quarter. IMG Wealth Management Inc. now owns 5,594 shares of the company’s stock valued at $128,000 after buying an additional 763 shares during the period.

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.