First Trust BuyWrite Income ETF (NASDAQ:FTHI) Stock Short Interest Jumps 94.8%

First Trust BuyWrite Income ETF (NASDAQ:FTHI) was the target of a large increase in short interest in October. As of October 15th, there was short interest totaling 202,710 shares, an increase of 94.8% from the September 30th total of 104,077 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 613,903 shares, the days-to-cover ratio is presently 0.3 days.

First Trust BuyWrite Income ETF Trading Down 0.0%

FTHI stock traded down $0.01 during trading on Monday, hitting $23.29. 355,427 shares of the company’s stock were exchanged, compared to its average volume of 709,964. The business has a 50-day moving average price of $23.76 and a two-hundred day moving average price of $23.70. The stock has a market capitalization of $2.55 billion, a price-to-earnings ratio of 25.34 and a beta of 0.63. First Trust BuyWrite Income ETF has a 52-week low of $22.37 and a 52-week high of $24.39.

First Trust BuyWrite Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, October 30th. Stockholders of record on Wednesday, October 21st were given a dividend of $0.1760 per share. The ex-dividend date was Wednesday, October 21st. This represents a $2.11 annualized dividend and a dividend yield of 9.1%. This is a drop from First Trust BuyWrite Income ETF’s previous monthly dividend of $0.1790.

Institutional Trading of First Trust BuyWrite Income ETF

A number of large investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its holdings in shares of First Trust BuyWrite Income ETF by 2.1% in the second quarter. Envestnet Asset Management Inc. now owns 3,862,199 shares of the company’s stock valued at $92,113,000 after buying an additional 79,011 shares during the last quarter. D.A. Davidson & CO. acquired a new position in First Trust BuyWrite Income ETF in the 3rd quarter valued at about $77,977,000. Royal Bank of Canada increased its position in First Trust BuyWrite Income ETF by 22.1% in the 1st quarter. Royal Bank of Canada now owns 2,527,288 shares of the company’s stock valued at $58,001,000 after acquiring an additional 456,702 shares during the period. Commonwealth Equity Services LLC purchased a new stake in First Trust BuyWrite Income ETF during the 3rd quarter valued at approximately $43,473,000. Finally, Cetera Investment Advisers raised its stake in First Trust BuyWrite Income ETF by 31.1% during the 1st quarter. Cetera Investment Advisers now owns 1,816,393 shares of the company’s stock valued at $41,686,000 after acquiring an additional 431,366 shares during the last quarter.

First Trust BuyWrite Income ETF Company Profile

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.