First Trust BuyWrite Income ETF (NASDAQ:FTHI) Sees Large Increase in Short Interest

First Trust BuyWrite Income ETF (NASDAQ:FTHIGet Free Report) was the target of a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 46,400 shares, a growth of 13.2% from the January 31st total of 41,000 shares. Based on an average daily trading volume, of 196,700 shares, the days-to-cover ratio is presently 0.2 days.

First Trust BuyWrite Income ETF Trading Down 0.4 %

NASDAQ:FTHI traded down $0.08 during trading hours on Monday, reaching $22.14. 173,937 shares of the company traded hands, compared to its average volume of 219,750. The business’s 50-day moving average price is $21.72 and its two-hundred day moving average price is $21.10. The stock has a market capitalization of $425.53 million, a P/E ratio of 16.82 and a beta of 0.72. First Trust BuyWrite Income ETF has a 1 year low of $19.09 and a 1 year high of $22.25.

First Trust BuyWrite Income ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 22nd were paid a dividend of $0.16 per share. This represents a $1.92 dividend on an annualized basis and a yield of 8.67%. The ex-dividend date of this dividend was Wednesday, February 21st.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. UBS Group AG purchased a new position in shares of First Trust BuyWrite Income ETF in the third quarter worth $30,000. First Horizon Advisors Inc. raised its holdings in shares of First Trust BuyWrite Income ETF by 310.7% during the 1st quarter. First Horizon Advisors Inc. now owns 1,988 shares of the company’s stock worth $40,000 after acquiring an additional 1,504 shares in the last quarter. Raleigh Capital Management Inc. lifted its position in First Trust BuyWrite Income ETF by 53.5% during the third quarter. Raleigh Capital Management Inc. now owns 2,846 shares of the company’s stock valued at $58,000 after purchasing an additional 992 shares during the last quarter. Morgan Stanley grew its position in First Trust BuyWrite Income ETF by 95.0% in the fourth quarter. Morgan Stanley now owns 3,311 shares of the company’s stock worth $64,000 after acquiring an additional 1,613 shares in the last quarter. Finally, Parallel Advisors LLC purchased a new stake in First Trust BuyWrite Income ETF during the fourth quarter valued at approximately $121,000.

About First Trust BuyWrite Income ETF

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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.

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