First Trust Small Cap BuyWrite Income ETF (NYSEARCA:FTKI – Get Free Report) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totaling 2,895 shares, a decline of 60.7% from the June 30th total of 7,363 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 5,758 shares, the days-to-cover ratio is presently 0.5 days.
First Trust Small Cap BuyWrite Income ETF Price Performance
Shares of FTKI stock opened at $19.74 on Monday. The company has a market cap of $24.67 million, a price-to-earnings ratio of 17.98 and a beta of 0.30. The stock has a 50 day simple moving average of $19.84 and a 200-day simple moving average of $19.70. First Trust Small Cap BuyWrite Income ETF has a 1-year low of $18.07 and a 1-year high of $20.69.
Institutional Investors Weigh In On First Trust Small Cap BuyWrite Income ETF
A hedge fund recently raised its position in First Trust Small Cap BuyWrite Income ETF stock. Royal Bank of Canada raised its stake in shares of First Trust Small Cap BuyWrite Income ETF (NYSEARCA:FTKI – Free Report) by 203.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,582 shares of the company’s stock after purchasing an additional 11,791 shares during the period. Royal Bank of Canada owned 1.53% of First Trust Small Cap BuyWrite Income ETF worth $340,000 at the end of the most recent quarter.
About First Trust Small Cap BuyWrite Income ETF
The First Trust Small Cap BuyWrite Income ETF (FTKI) is an exchange-traded fund that mostly invests in small-cap stocks. The fund seeks to provide current income and capital appreciation by holding a portfolio of US-listed small cap equities, while utilizing a naked call writing strategy on the Russell 2000 Index or on small-cap ETF. FTKI was launched on Feb 26, 2025 and is issued by First Trust.
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