Short Interest in First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Rises By 1,000.0%

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQIGet Free Report) was the target of a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 46,200 shares, a growth of 1,000.0% from the January 15th total of 4,200 shares. Based on an average daily volume of 90,200 shares, the short-interest ratio is currently 0.5 days.

Institutional Investors Weigh In On First Trust NASDAQ BuyWrite Income ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. Capital Investment Advisory Services LLC increased its position in First Trust NASDAQ BuyWrite Income ETF by 4.9% during the 3rd quarter. Capital Investment Advisory Services LLC now owns 11,310 shares of the company’s stock valued at $213,000 after buying an additional 530 shares in the last quarter. Royal Bank of Canada raised its holdings in First Trust NASDAQ BuyWrite Income ETF by 18.9% in the 2nd quarter. Royal Bank of Canada now owns 4,429 shares of the company’s stock worth $88,000 after purchasing an additional 703 shares during the period. Private Advisor Group LLC raised its holdings in First Trust NASDAQ BuyWrite Income ETF by 0.8% in the 2nd quarter. Private Advisor Group LLC now owns 110,108 shares of the company’s stock worth $2,181,000 after purchasing an additional 851 shares during the period. Cape Investment Advisory Inc. acquired a new position in First Trust NASDAQ BuyWrite Income ETF in the 3rd quarter worth about $28,000. Finally, CWM LLC acquired a new position in First Trust NASDAQ BuyWrite Income ETF in the 2nd quarter worth about $32,000.

First Trust NASDAQ BuyWrite Income ETF Price Performance

NASDAQ:FTQI opened at $20.36 on Tuesday. The firm has a market capitalization of $168.99 million, a price-to-earnings ratio of 28.03 and a beta of 0.52. First Trust NASDAQ BuyWrite Income ETF has a 1 year low of $18.15 and a 1 year high of $20.41. The business has a 50 day simple moving average of $19.93 and a 200-day simple moving average of $19.51.

First Trust NASDAQ BuyWrite Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 24th were paid a $0.198 dividend. This represents a $2.38 annualized dividend and a dividend yield of 11.67%. This is a positive change from First Trust NASDAQ BuyWrite Income ETF’s previous monthly dividend of $0.19. The ex-dividend date was Tuesday, January 23rd.

First Trust NASDAQ BuyWrite Income ETF Company Profile

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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.

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