Short Interest in First Trust BuyWrite Income ETF (NASDAQ:FTHI) Expands By 187.5%

First Trust BuyWrite Income ETF (NASDAQ:FTHI) was the recipient of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 128,500 shares, an increase of 187.5% from the October 15th total of 44,700 shares. Based on an average trading volume of 196,100 shares, the short-interest ratio is presently 0.7 days.

First Trust BuyWrite Income ETF Trading Down 0.2 %

FTHI stock opened at $23.71 on Friday. First Trust BuyWrite Income ETF has a 1-year low of $20.78 and a 1-year high of $23.90. The stock has a 50-day moving average price of $23.11 and a 200-day moving average price of $22.69. The firm has a market cap of $996.29 million, a PE ratio of 18.59 and a beta of 0.72.

First Trust BuyWrite Income ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 22nd were given a dividend of $0.172 per share. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a $2.06 dividend on an annualized basis and a dividend yield of 8.71%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Western Wealth Management LLC raised its holdings in shares of First Trust BuyWrite Income ETF by 16.5% during the second quarter. Western Wealth Management LLC now owns 63,500 shares of the company’s stock valued at $1,427,000 after purchasing an additional 9,000 shares during the period. Envestnet Asset Management Inc. raised its stake in First Trust BuyWrite Income ETF by 34.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 334,988 shares of the company’s stock worth $7,527,000 after buying an additional 85,052 shares during the period. Private Advisor Group LLC boosted its holdings in First Trust BuyWrite Income ETF by 3.6% in the third quarter. Private Advisor Group LLC now owns 28,654 shares of the company’s stock worth $660,000 after acquiring an additional 985 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of First Trust BuyWrite Income ETF by 1,256.3% during the first quarter. Cetera Investment Advisers now owns 418,953 shares of the company’s stock valued at $9,414,000 after acquiring an additional 388,064 shares in the last quarter. Finally, Raymond James & Associates raised its position in shares of First Trust BuyWrite Income ETF by 3.1% during the third quarter. Raymond James & Associates now owns 518,793 shares of the company’s stock worth $11,943,000 after purchasing an additional 15,757 shares during the period.

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.