First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Short Interest Update

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 103,500 shares, a growth of 56.3% from the December 15th total of 66,200 shares. Based on an average daily trading volume, of 177,700 shares, the short-interest ratio is currently 0.6 days.

First Trust NASDAQ BuyWrite Income ETF Price Performance

FTQI traded up $0.18 during midday trading on Friday, hitting $21.12. 85,460 shares of the company’s stock traded hands, compared to its average volume of 128,252. The company has a market cap of $560.60 million, a PE ratio of 29.15 and a beta of 0.52. The stock’s fifty day simple moving average is $21.06 and its 200-day simple moving average is $20.56. First Trust NASDAQ BuyWrite Income ETF has a one year low of $18.23 and a one year high of $21.49.

First Trust NASDAQ BuyWrite Income ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a dividend of $0.204 per share. The ex-dividend date was Friday, December 13th. This represents a $2.45 dividend on an annualized basis and a dividend yield of 11.59%.

Institutional Investors Weigh In On First Trust NASDAQ BuyWrite Income ETF

A number of large investors have recently bought and sold shares of FTQI. Thurston Springer Miller Herd & Titak Inc. bought a new position in First Trust NASDAQ BuyWrite Income ETF during the fourth quarter valued at about $50,000. Atria Investments Inc bought a new position in shares of First Trust NASDAQ BuyWrite Income ETF in the third quarter valued at approximately $233,000. Cedrus LLC acquired a new position in First Trust NASDAQ BuyWrite Income ETF in the 3rd quarter valued at $299,000. Sterling Manor Financial LLC raised its holdings in First Trust NASDAQ BuyWrite Income ETF by 21.0% in the 3rd quarter. Sterling Manor Financial LLC now owns 14,861 shares of the company’s stock worth $304,000 after acquiring an additional 2,583 shares during the period. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in First Trust NASDAQ BuyWrite Income ETF during the 2nd quarter worth $324,000.

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.