Short Interest in First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Expands By 55.1%

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) saw a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 119,162 shares, a growth of 55.1% from the February 26th total of 76,825 shares. Based on an average trading volume of 166,099 shares, the short-interest ratio is presently 0.7 days. Approximately 0.3% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. LPL Financial LLC lifted its position in First Trust NASDAQ BuyWrite Income ETF by 10.7% during the fourth quarter. LPL Financial LLC now owns 3,185,721 shares of the company’s stock valued at $66,327,000 after purchasing an additional 307,710 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of First Trust NASDAQ BuyWrite Income ETF by 26.2% in the fourth quarter. Wells Fargo & Company MN now owns 2,011,400 shares of the company’s stock worth $41,877,000 after buying an additional 417,518 shares during the period. Commonwealth Equity Services LLC raised its stake in shares of First Trust NASDAQ BuyWrite Income ETF by 3.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 1,137,323 shares of the company’s stock worth $23,679,000 after buying an additional 34,266 shares during the period. Integrated Wealth Concepts LLC lifted its position in shares of First Trust NASDAQ BuyWrite Income ETF by 6.4% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 679,915 shares of the company’s stock valued at $14,006,000 after buying an additional 40,745 shares in the last quarter. Finally, Fifth Third Securities Inc. lifted its position in shares of First Trust NASDAQ BuyWrite Income ETF by 6.6% during the 3rd quarter. Fifth Third Securities Inc. now owns 595,389 shares of the company’s stock valued at $12,265,000 after buying an additional 36,979 shares in the last quarter.

First Trust NASDAQ BuyWrite Income ETF Price Performance

NASDAQ FTQI opened at $19.50 on Monday. The company has a 50-day moving average price of $20.51 and a 200-day moving average price of $20.69. First Trust NASDAQ BuyWrite Income ETF has a 52 week low of $16.25 and a 52 week high of $21.15. The firm has a market capitalization of $733.20 million, a P/E ratio of 32.31 and a beta of 0.59.

First Trust NASDAQ BuyWrite Income ETF Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th will be issued a dividend of $0.207 per share. This represents a c) dividend on an annualized basis and a yield of 12.7%. The ex-dividend date of this dividend is Thursday, March 26th.

About First Trust NASDAQ BuyWrite Income ETF

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.