Short Interest in First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Declines By 36.8%

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) saw a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 76,670 shares, a decrease of 36.8% from the April 15th total of 121,291 shares. Based on an average daily trading volume, of 720,625 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.2% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in FTQI. Ankerstar Wealth LLC purchased a new stake in shares of First Trust NASDAQ BuyWrite Income ETF in the fourth quarter valued at about $33,000. Sound Income Strategies LLC lifted its holdings in shares of First Trust NASDAQ BuyWrite Income ETF by 971.5% in the fourth quarter. Sound Income Strategies LLC now owns 2,143 shares of the company’s stock valued at $45,000 after purchasing an additional 1,943 shares in the last quarter. Fifth Third Bancorp purchased a new stake in shares of First Trust NASDAQ BuyWrite Income ETF in the first quarter valued at about $134,000. Advisory Services Network LLC purchased a new stake in shares of First Trust NASDAQ BuyWrite Income ETF in the third quarter valued at about $143,000. Finally, Sunbelt Securities Inc. lifted its holdings in shares of First Trust NASDAQ BuyWrite Income ETF by 275.6% in the third quarter. Sunbelt Securities Inc. now owns 7,512 shares of the company’s stock valued at $155,000 after purchasing an additional 5,512 shares in the last quarter.

First Trust NASDAQ BuyWrite Income ETF Trading Down 0.3%

Shares of FTQI opened at $21.52 on Wednesday. The firm’s 50-day moving average is $20.75 and its two-hundred day moving average is $20.76. First Trust NASDAQ BuyWrite Income ETF has a twelve month low of $18.72 and a twelve month high of $21.81. The firm has a market capitalization of $815.61 million, a P/E ratio of 32.31 and a beta of 0.63.

First Trust NASDAQ BuyWrite Income ETF Announces Dividend

The business also recently announced a dividend, which was paid on Thursday, April 30th. Shareholders of record on Tuesday, April 21st were given a dividend of $0.199 per share. The ex-dividend date was Tuesday, April 21st.

First Trust NASDAQ BuyWrite Income ETF Company Profile

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.