First Trust Small Cap BuyWrite Income ETF (NYSEARCA:FTKI – Get Free Report) was the recipient of a significant decline in short interest in September. As of September 15th, there was short interest totaling 2,901 shares, a decline of 55.5% from the August 31st total of 6,513 shares. Based on an average trading volume of 9,308 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the company’s shares are sold short.
Institutional Investors Weigh In On First Trust Small Cap BuyWrite Income ETF
A hedge fund recently raised its position in First Trust Small Cap BuyWrite Income ETF stock. Royal Bank of Canada lifted its holdings in First Trust Small Cap BuyWrite Income ETF (NYSEARCA:FTKI – Free Report) by 203.6% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,582 shares of the company’s stock after purchasing an additional 11,791 shares during the period. Royal Bank of Canada owned approximately 1.53% of First Trust Small Cap BuyWrite Income ETF worth $340,000 at the end of the most recent reporting period.
First Trust Small Cap BuyWrite Income ETF Stock Down 0.2%
Shares of First Trust Small Cap BuyWrite Income ETF stock traded down $0.03 during midday trading on Tuesday, hitting $19.16. The company had a trading volume of 3,850 shares, compared to its average volume of 11,968. The company has a fifty day simple moving average of $19.96 and a 200 day simple moving average of $19.81. The stock has a market cap of $25.87 million, a price-to-earnings ratio of 17.98 and a beta of 0.30. First Trust Small Cap BuyWrite Income ETF has a 12-month low of $18.07 and a 12-month high of $21.63.
About First Trust Small Cap BuyWrite Income ETF
The First Trust Small Cap BuyWrite Income ETF (FTKI) is an exchange-traded fund that mostly invests in small-cap stocks. The fund seeks to provide current income and capital appreciation by holding a portfolio of US-listed small cap equities, while utilizing a naked call writing strategy on the Russell 2000 Index or on small-cap ETF. FTKI was launched on Feb 26, 2025 and is issued by First Trust.
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