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

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) was the target of a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 38,600 shares, a decrease of 53.0% from the February 13th total of 82,100 shares. Based on an average trading volume of 202,700 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Trading of First Trust NASDAQ BuyWrite Income ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. IronOak Wealth LLC. purchased a new stake in shares of First Trust NASDAQ BuyWrite Income ETF during the fourth quarter worth about $288,000. Sunbelt Securities Inc. purchased a new stake in shares of First Trust NASDAQ BuyWrite Income ETF during the fourth quarter worth about $42,000. GTS Securities LLC purchased a new stake in shares of First Trust NASDAQ BuyWrite Income ETF during the fourth quarter worth about $276,000. Two Sigma Investments LP purchased a new stake in shares of First Trust NASDAQ BuyWrite Income ETF during the fourth quarter worth about $416,000. Finally, Snowden Capital Advisors LLC increased its stake in shares of First Trust NASDAQ BuyWrite Income ETF by 11.1% during the fourth quarter. Snowden Capital Advisors LLC now owns 245,173 shares of the company’s stock worth $5,104,000 after purchasing an additional 24,472 shares in the last quarter.

First Trust NASDAQ BuyWrite Income ETF Trading Up 2.4 %

Shares of First Trust NASDAQ BuyWrite Income ETF stock traded up $0.44 during trading hours on Friday, reaching $19.16. The stock had a trading volume of 123,170 shares, compared to its average volume of 223,577. The firm has a market capitalization of $512.53 million, a PE ratio of 29.52 and a beta of 0.52. The stock’s 50 day moving average is $20.65 and its 200 day moving average is $20.68. First Trust NASDAQ BuyWrite Income ETF has a twelve month low of $18.23 and a twelve month high of $21.49.

First Trust NASDAQ BuyWrite Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were paid a dividend of $0.207 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.48 dividend on an annualized basis and a dividend yield of 12.96%. This is a boost from First Trust NASDAQ BuyWrite Income ETF’s previous monthly dividend of $0.20.

First Trust NASDAQ BuyWrite Income ETF Company Profile

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.