First Trust BuyWrite Income ETF (NASDAQ:FTHI) Sees Strong Trading Volume – What’s Next?

First Trust BuyWrite Income ETF (NASDAQ:FTHI) saw unusually-strong trading volume on Thursday . Approximately 739,164 shares were traded during trading, an increase of 116% from the previous session’s volume of 341,684 shares.The stock last traded at $23.59 and had previously closed at $23.56.

First Trust BuyWrite Income ETF Stock Up 0.3 %

The firm has a fifty day simple moving average of $23.59 and a 200-day simple moving average of $23.09. The company has a market cap of $1.13 billion, a PE ratio of 18.59 and a beta of 0.72.

First Trust BuyWrite Income ETF Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be issued a dividend of $0.174 per share. This is a positive change from First Trust BuyWrite Income ETF’s previous dividend of $0.17. The ex-dividend date is Wednesday, January 22nd.

Hedge Funds Weigh In On First Trust BuyWrite Income ETF

Several hedge funds have recently made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new position in shares of First Trust BuyWrite Income ETF during the third quarter worth about $50,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of First Trust BuyWrite Income ETF during the fourth quarter worth about $51,000. GoalVest Advisory LLC purchased a new position in shares of First Trust BuyWrite Income ETF during the third quarter worth about $53,000. AdvisorNet Financial Inc purchased a new stake in First Trust BuyWrite Income ETF in the 4th quarter valued at approximately $65,000. Finally, Ferguson Shapiro LLC purchased a new stake in First Trust BuyWrite Income ETF in the 4th quarter valued at approximately $217,000.

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.