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

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 32,167 shares, a decrease of 55.4% from the August 15th total of 72,114 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 273,289 shares, the short-interest ratio is presently 0.1 days.

First Trust NASDAQ BuyWrite Income ETF Trading Down 0.1%

FTQI traded down $0.03 on Tuesday, hitting $21.97. 310,292 shares of the company’s stock traded hands, compared to its average volume of 318,724. The company’s 50 day simple moving average is $22.04 and its 200-day simple moving average is $21.46. The firm has a market cap of $919.44 million, a price-to-earnings ratio of 32.31 and a beta of 0.63. First Trust NASDAQ BuyWrite Income ETF has a one year low of $19.23 and a one year high of $22.46.

First Trust NASDAQ BuyWrite Income ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 21st were given a dividend of $0.222 per share. The ex-dividend date was Friday, August 21st. This represents a c) annualized dividend and a dividend yield of 12.1%.

Hedge Funds Weigh In On First Trust NASDAQ BuyWrite Income ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Integrated Wealth Concepts LLC raised its position in shares of First Trust NASDAQ BuyWrite Income ETF by 5.2% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 683,933 shares of the company’s stock valued at $15,108,000 after buying an additional 33,575 shares in the last quarter. RFG Advisory LLC grew its position in First Trust NASDAQ BuyWrite Income ETF by 20.6% in the second quarter. RFG Advisory LLC now owns 146,406 shares of the company’s stock worth $3,234,000 after acquiring an additional 24,983 shares in the last quarter. NewEdge Advisors LLC grew its position in First Trust NASDAQ BuyWrite Income ETF by 17.1% in the second quarter. NewEdge Advisors LLC now owns 68,108 shares of the company’s stock worth $1,505,000 after acquiring an additional 9,936 shares in the last quarter. Ameritas Advisory Services LLC increased its stake in First Trust NASDAQ BuyWrite Income ETF by 784.5% during the second quarter. Ameritas Advisory Services LLC now owns 221,703 shares of the company’s stock worth $4,897,000 after acquiring an additional 196,637 shares during the last quarter. Finally, PCG Wealth Advisors LLC bought a new stake in First Trust NASDAQ BuyWrite Income ETF during the second quarter worth approximately $302,000.

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.