First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Sees Large Drop in Short Interest

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) saw a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 22,000 shares, a decline of 39.7% from the March 15th total of 36,500 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 232,700 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of First Trust NASDAQ BuyWrite Income ETF

Several hedge funds have recently made changes to their positions in FTQI. Sowell Financial Services LLC lifted its holdings in First Trust NASDAQ BuyWrite Income ETF by 0.5% in the first quarter. Sowell Financial Services LLC now owns 133,023 shares of the company’s stock valued at $2,507,000 after acquiring an additional 656 shares during the last quarter. RiverTree Advisors LLC acquired a new position in shares of First Trust NASDAQ BuyWrite Income ETF in the 1st quarter valued at $1,245,000. Integrated Advisors Network LLC purchased a new position in shares of First Trust NASDAQ BuyWrite Income ETF during the 1st quarter worth $216,000. Signal Advisors Wealth LLC purchased a new position in shares of First Trust NASDAQ BuyWrite Income ETF during the 1st quarter worth $376,000. Finally, Channel Wealth LLC increased its position in shares of First Trust NASDAQ BuyWrite Income ETF by 29.4% during the 1st quarter. Channel Wealth LLC now owns 22,072 shares of the company’s stock worth $416,000 after purchasing an additional 5,011 shares during the last quarter.

First Trust NASDAQ BuyWrite Income ETF Trading Up 0.3 %

NASDAQ:FTQI traded up $0.05 during trading hours on Friday, hitting $18.09. The company had a trading volume of 116,190 shares, compared to its average volume of 165,458. First Trust NASDAQ BuyWrite Income ETF has a 1 year low of $16.25 and a 1 year high of $21.49. The company has a 50-day moving average of $19.35 and a 200 day moving average of $20.37. The company has a market cap of $558.08 million, a P/E ratio of 26.86 and a beta of 0.52.

First Trust NASDAQ BuyWrite Income ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were paid a dividend of $0.207 per share. This represents a $2.48 dividend on an annualized basis and a yield of 13.73%. The ex-dividend date was Thursday, March 27th.

About First Trust NASDAQ BuyWrite Income ETF

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.