First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Sees Large Decline in Short Interest

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQIGet Free Report) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 38,600 shares, a decline of 29.7% from the September 15th total of 54,900 shares. Based on an average daily volume of 218,800 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 218,800 shares, the days-to-cover ratio is currently 0.2 days.

First Trust NASDAQ BuyWrite Income ETF Trading Up 0.6%

FTQI stock opened at $20.90 on Friday. The business’s 50 day simple moving average is $20.48 and its 200 day simple moving average is $19.65. First Trust NASDAQ BuyWrite Income ETF has a 1-year low of $16.25 and a 1-year high of $21.49. The firm has a market capitalization of $731.50 million, a PE ratio of 32.31 and a beta of 0.52.

First Trust NASDAQ BuyWrite Income ETF Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, October 21st will be given a dividend of $0.205 per share. This represents a c) dividend on an annualized basis and a dividend yield of 11.8%. The ex-dividend date is Tuesday, October 21st. This is a positive change from First Trust NASDAQ BuyWrite Income ETF’s previous monthly dividend of $0.20.

Institutional Trading of First Trust NASDAQ BuyWrite Income ETF

A number of institutional investors have recently modified their holdings of the stock. Blue Trust Inc. bought a new stake in shares of First Trust NASDAQ BuyWrite Income ETF during the 2nd quarter worth $49,000. Sunbelt Securities Inc. increased its holdings in First Trust NASDAQ BuyWrite Income ETF by 260.0% in the first quarter. Sunbelt Securities Inc. now owns 7,200 shares of the company’s stock worth $136,000 after purchasing an additional 5,200 shares in the last quarter. IMG Wealth Management Inc. increased its holdings in First Trust NASDAQ BuyWrite Income ETF by 16.8% in the second quarter. IMG Wealth Management Inc. now owns 8,517 shares of the company’s stock worth $167,000 after purchasing an additional 1,222 shares in the last quarter. Bank of America Corp DE bought a new stake in First Trust NASDAQ BuyWrite Income ETF in the second quarter worth approximately $178,000. Finally, Ausdal Financial Partners Inc. acquired a new stake in First Trust NASDAQ BuyWrite Income ETF in the second quarter valued at approximately $209,000.

First Trust NASDAQ BuyWrite Income ETF Company Profile

(Get Free Report)

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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