First Trust BuyWrite Income ETF (NASDAQ:FTHI) Sees Large Volume Increase – Here’s What Happened

First Trust BuyWrite Income ETF (NASDAQ:FTHI) shares saw unusually-strong trading volume on Thursday . 1,815,233 shares traded hands during mid-day trading, an increase of 152% from the previous session’s volume of 720,501 shares.The stock last traded at $23.65 and had previously closed at $23.84.

First Trust BuyWrite Income ETF Stock Down 0.8%

The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of 25.34 and a beta of 0.62. The business’s 50 day simple moving average is $23.81 and its 200-day simple moving average is $23.66.

First Trust BuyWrite Income ETF Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, July 21st will be issued a dividend of $0.179 per share. This is a boost from First Trust BuyWrite Income ETF’s previous dividend of $0.17. The ex-dividend date of this dividend is Tuesday, July 21st.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Ascentis Independent Advisors acquired a new position in First Trust BuyWrite Income ETF during the first quarter valued at approximately $26,000. JPMorgan Chase & Co. bought a new position in shares of First Trust BuyWrite Income ETF in the 3rd quarter valued at $27,000. Global Retirement Partners LLC increased its stake in shares of First Trust BuyWrite Income ETF by 15.4% in the 4th quarter. Global Retirement Partners LLC now owns 3,783 shares of the company’s stock valued at $89,000 after purchasing an additional 504 shares during the last quarter. IMG Wealth Management Inc. raised its holdings in shares of First Trust BuyWrite Income ETF by 15.8% during the 1st quarter. IMG Wealth Management Inc. now owns 5,594 shares of the company’s stock worth $128,000 after buying an additional 763 shares in the last quarter. Finally, Aptus Capital Advisors LLC raised its holdings in shares of First Trust BuyWrite Income ETF by 21.4% during the 3rd quarter. Aptus Capital Advisors LLC now owns 5,384 shares of the company’s stock worth $128,000 after buying an additional 949 shares in the last quarter.

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.