Short Interest in First Trust BuyWrite Income ETF (NASDAQ:FTHI) Expands By 29.4%

First Trust BuyWrite Income ETF (NASDAQ:FTHI) was the recipient of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 85,150 shares, an increase of 29.4% from the February 12th total of 65,781 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 673,690 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 673,690 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s shares are short sold.

First Trust BuyWrite Income ETF Stock Performance

NASDAQ:FTHI traded down $0.13 during trading hours on Friday, hitting $23.03. The stock had a trading volume of 525,614 shares, compared to its average volume of 726,364. The business’s 50 day moving average is $23.75 and its 200-day moving average is $23.67. The company has a market cap of $1.91 billion, a price-to-earnings ratio of 25.34 and a beta of 0.64. First Trust BuyWrite Income ETF has a one year low of $19.07 and a one year high of $24.18.

First Trust BuyWrite Income ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 20th were given a $0.177 dividend. The ex-dividend date was Friday, February 20th. This represents a c) dividend on an annualized basis and a dividend yield of 9.2%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. acquired a new position in First Trust BuyWrite Income ETF in the third quarter valued at about $27,000. Bank of Montreal Can acquired a new stake in shares of First Trust BuyWrite Income ETF during the second quarter worth about $31,000. GoalVest Advisory LLC lifted its holdings in shares of First Trust BuyWrite Income ETF by 82.2% during the 3rd quarter. GoalVest Advisory LLC now owns 1,481 shares of the company’s stock valued at $35,000 after purchasing an additional 668 shares in the last quarter. CX Institutional acquired a new position in shares of First Trust BuyWrite Income ETF in the 3rd quarter valued at approximately $36,000. Finally, Asset Dedication LLC acquired a new position in shares of First Trust BuyWrite Income ETF in the 2nd quarter valued at approximately $44,000.

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.