First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Short Interest Up 98.6% in October

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 73,500 shares, an increase of 98.6% from the September 30th total of 37,000 shares. Based on an average trading volume of 115,300 shares, the short-interest ratio is currently 0.6 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Ameritas Advisory Services LLC grew its position in shares of First Trust NASDAQ BuyWrite Income ETF by 102.9% in the second quarter. Ameritas Advisory Services LLC now owns 218,058 shares of the company’s stock valued at $4,453,000 after purchasing an additional 110,613 shares during the last quarter. Fifth Third Securities Inc. bought a new stake in First Trust NASDAQ BuyWrite Income ETF in the 2nd quarter valued at $3,814,000. TrueMark Investments LLC acquired a new position in First Trust NASDAQ BuyWrite Income ETF in the 2nd quarter valued at $3,353,000. Commonwealth Equity Services LLC increased its position in First Trust NASDAQ BuyWrite Income ETF by 951.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 125,394 shares of the company’s stock worth $2,561,000 after buying an additional 113,467 shares during the period. Finally, Cetera Investment Advisers lifted its holdings in shares of First Trust NASDAQ BuyWrite Income ETF by 21.1% during the second quarter. Cetera Investment Advisers now owns 119,880 shares of the company’s stock worth $2,448,000 after buying an additional 20,924 shares in the last quarter.

First Trust NASDAQ BuyWrite Income ETF Price Performance

First Trust NASDAQ BuyWrite Income ETF stock traded up $0.10 during mid-day trading on Friday, hitting $20.50. 110,676 shares of the company’s stock traded hands, compared to its average volume of 123,545. First Trust NASDAQ BuyWrite Income ETF has a fifty-two week low of $18.15 and a fifty-two week high of $20.93. The stock has a market cap of $470.48 million, a price-to-earnings ratio of 29.15 and a beta of 0.52. The firm has a 50 day simple moving average of $20.34 and a two-hundred day simple moving average of $20.26.

First Trust NASDAQ BuyWrite Income ETF Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 22nd will be paid a $0.204 dividend. The ex-dividend date is Tuesday, October 22nd. This represents a $2.45 dividend on an annualized basis and a yield of 11.94%. This is a positive change from First Trust NASDAQ BuyWrite Income ETF’s previous monthly dividend of $0.20.

About First Trust NASDAQ BuyWrite Income ETF

The First Trust Nasdaq BuyWrite Income ETF (FTQI) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively-managed portfolio of US stocks, with an options overlay of short calls on the Nasdaq 100. FTQI was launched on Jan 6, 2014 and is managed by First Trust.