First Trust BuyWrite Income ETF (NASDAQ:FTHI) Sees Significant Decrease in Short Interest

First Trust BuyWrite Income ETF (NASDAQ:FTHI) saw a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 109,176 shares, a decrease of 35.4% from the April 15th total of 168,962 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 1,061,956 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On First Trust BuyWrite Income ETF

Institutional investors have recently added to or reduced their stakes in the company. LPL Financial LLC boosted its holdings in First Trust BuyWrite Income ETF by 19.6% during the 4th quarter. LPL Financial LLC now owns 9,018,353 shares of the company’s stock valued at $213,013,000 after acquiring an additional 1,478,322 shares during the period. Royal Bank of Canada lifted its position in shares of First Trust BuyWrite Income ETF by 144.9% in the 4th quarter. Royal Bank of Canada now owns 2,070,586 shares of the company’s stock worth $48,907,000 after purchasing an additional 1,225,201 shares during the period. Ergawealth Advisors Inc. lifted its position in shares of First Trust BuyWrite Income ETF by 87.2% in the 4th quarter. Ergawealth Advisors Inc. now owns 2,097,358 shares of the company’s stock worth $49,540,000 after purchasing an additional 976,948 shares during the period. Wells Fargo & Company MN boosted its position in First Trust BuyWrite Income ETF by 10.8% during the fourth quarter. Wells Fargo & Company MN now owns 6,444,777 shares of the company’s stock valued at $152,226,000 after purchasing an additional 626,512 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in First Trust BuyWrite Income ETF by 4,757.2% during the third quarter. Ameriprise Financial Inc. now owns 528,415 shares of the company’s stock valued at $12,530,000 after purchasing an additional 517,536 shares in the last quarter.

First Trust BuyWrite Income ETF Trading Down 0.2%

NASDAQ:FTHI traded down $0.05 during trading hours on Monday, reaching $23.83. 371,929 shares of the company traded hands, compared to its average volume of 713,540. First Trust BuyWrite Income ETF has a 1 year low of $21.67 and a 1 year high of $24.18. The business’s 50-day moving average price is $23.39 and its two-hundred day moving average price is $23.61. The stock has a market capitalization of $2.15 billion, a P/E ratio of 25.34 and a beta of 0.63.

First Trust BuyWrite Income ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, April 30th. Stockholders of record on Tuesday, April 21st were paid a $0.172 dividend. The ex-dividend date of this dividend was Tuesday, April 21st.

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.