Short Interest in First Trust BuyWrite Income ETF (NASDAQ:FTHI) Decreases By 65.4%

First Trust BuyWrite Income ETF (NASDAQ:FTHI) was the target of a significant decline in short interest in the month of October. As of October 15th, there was short interest totalling 44,700 shares, a decline of 65.4% from the September 30th total of 129,300 shares. Based on an average daily volume of 201,300 shares, the short-interest ratio is currently 0.2 days.

First Trust BuyWrite Income ETF Price Performance

Shares of NASDAQ FTHI traded down $0.01 during trading hours on Friday, reaching $23.06. The stock had a trading volume of 139,803 shares, compared to its average volume of 214,209. The company has a market cap of $955.15 million, a price-to-earnings ratio of 18.59 and a beta of 0.72. First Trust BuyWrite Income ETF has a twelve month low of $19.56 and a twelve month high of $23.60. The business’s fifty day moving average is $22.90 and its two-hundred day moving average is $22.56.

First Trust BuyWrite Income ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 22nd will be issued a dividend of $0.172 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 8.95%. The ex-dividend date of this dividend is Tuesday, October 22nd.

Institutional Trading of First Trust BuyWrite Income ETF

Several institutional investors have recently made changes to their positions in FTHI. Western Wealth Management LLC lifted its stake in 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 worth $1,427,000 after purchasing an additional 9,000 shares during the period. Envestnet Asset Management Inc. boosted its stake in First Trust BuyWrite Income ETF by 34.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 334,988 shares of the company’s stock valued at $7,527,000 after buying an additional 85,052 shares in the last quarter. Brookstone Capital Management bought a new stake in First Trust BuyWrite Income ETF in the first quarter valued at $537,000. Cetera Investment Advisers raised its stake in 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 worth $9,414,000 after acquiring an additional 388,064 shares in the last quarter. Finally, Csenge Advisory Group lifted its holdings in shares of First Trust BuyWrite Income ETF by 42.9% during the first quarter. Csenge Advisory Group now owns 72,078 shares of the company’s stock valued at $1,620,000 after acquiring an additional 21,629 shares during the period.

About First Trust BuyWrite Income ETF

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.