First Trust BuyWrite Income ETF (NASDAQ:FTHI) Sees Unusually-High Trading Volume – Here’s Why

First Trust BuyWrite Income ETF (NASDAQ:FTHI) shares saw unusually-high trading volume on Tuesday . Approximately 368,928 shares traded hands during trading, an increase of 36% from the previous session’s volume of 272,261 shares.The stock last traded at $22.59 and had previously closed at $22.54.

First Trust BuyWrite Income ETF Price Performance

The company’s 50-day moving average is $23.09 and its 200-day moving average is $23.25. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 24.09 and a beta of 0.72.

First Trust BuyWrite Income ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were issued a dividend of $0.174 per share. The ex-dividend date of this dividend was Friday, February 21st.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new position in shares of First Trust BuyWrite Income ETF in the 4th quarter worth about $28,000. Wilmington Savings Fund Society FSB acquired a new position in First Trust BuyWrite Income ETF during the third quarter valued at approximately $50,000. Kestra Investment Management LLC purchased a new stake in First Trust BuyWrite Income ETF during the fourth quarter worth approximately $50,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of First Trust BuyWrite Income ETF in the 4th quarter valued at $51,000. Finally, IMG Wealth Management Inc. purchased a new position in shares of First Trust BuyWrite Income ETF in the 4th quarter valued at $61,000.

First Trust BuyWrite Income ETF Company Profile

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.