Short Interest in First Trust BuyWrite Income ETF (NASDAQ:FTHI) Grows By 133.6%

First Trust BuyWrite Income ETF (NASDAQ:FTHIGet Free Report) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 280,128 shares, an increase of 133.6% from the May 31st total of 119,921 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily volume of 742,715 shares, the days-to-cover ratio is currently 0.4 days.

First Trust BuyWrite Income ETF Stock Up 0.7%

Shares of NASDAQ FTHI traded up $0.17 during trading on Tuesday, hitting $23.85. 490,671 shares of the company traded hands, compared to its average volume of 711,882. The firm has a market capitalization of $2.15 billion, a P/E ratio of 25.34 and a beta of 0.62. The company has a 50-day moving average price of $23.76 and a 200-day moving average price of $23.64. First Trust BuyWrite Income ETF has a 1 year low of $22.37 and a 1 year high of $24.18.

First Trust BuyWrite Income ETF Announces Dividend

The company also recently declared a dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th will be given a dividend of $0.172 per share. The ex-dividend date of this dividend is Thursday, June 25th.

Hedge Funds Weigh In On First Trust BuyWrite Income ETF

Large investors have recently modified their holdings of the company. Ascentis Independent Advisors purchased a new stake in shares of First Trust BuyWrite Income ETF during the 1st quarter worth about $26,000. JPMorgan Chase & Co. purchased a new position in First Trust BuyWrite Income ETF in the third quarter valued at approximately $27,000. Aventura Private Wealth LLC purchased a new position in First Trust BuyWrite Income ETF in the fourth quarter valued at approximately $51,000. Global Retirement Partners LLC lifted its position in First Trust BuyWrite Income ETF by 15.4% during the fourth quarter. Global Retirement Partners LLC now owns 3,783 shares of the company’s stock valued at $89,000 after buying an additional 504 shares in the last quarter. Finally, IMG Wealth Management Inc. lifted its position in First Trust BuyWrite Income ETF by 15.8% during the first quarter. IMG Wealth Management Inc. now owns 5,594 shares of the company’s stock valued at $128,000 after buying an additional 763 shares in the last quarter.

First Trust BuyWrite Income ETF Company Profile

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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.

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