Short Interest in First Trust BuyWrite Income ETF (NASDAQ:FTHI) Declines By 47.2%

by · The Markets Daily

First Trust BuyWrite Income ETF (NASDAQ:FTHI – Get Free Report) saw a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 94,557 shares, a drop of 47.2% from the December 15th total of 179,053 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 484,828 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 484,828 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

First Trust BuyWrite Income ETF Stock Up 0.6%

Shares of FTHI stock traded up $0.14 on Thursday, reaching $23.96. 305,294 shares of the stock were exchanged, compared to its average volume of 754,744. The stock has a market cap of $1.90 billion, a P/E ratio of 25.34 and a beta of 0.64. The firm has a 50 day moving average of $23.66 and a two-hundred day moving average of $23.47. First Trust BuyWrite Income ETF has a 1-year low of $19.07 and a 1-year high of $24.03.

First Trust BuyWrite Income ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a $0.177 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.9%. The ex-dividend date was Friday, December 12th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC acquired a new stake in shares of First Trust BuyWrite Income ETF in the first quarter worth $497,000. NewEdge Advisors LLC increased its holdings in First Trust BuyWrite Income ETF by 31.9% in the 1st quarter. NewEdge Advisors LLC now owns 45,052 shares of the company’s stock valued at $985,000 after purchasing an additional 10,903 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in First Trust BuyWrite Income ETF in the first quarter valued at about $901,000. Jane Street Group LLC raised its position in First Trust BuyWrite Income ETF by 13.0% in the first quarter. Jane Street Group LLC now owns 84,413 shares of the company’s stock valued at $1,845,000 after purchasing an additional 9,736 shares during the period. Finally, Channel Wealth LLC lifted its stake in shares of First Trust BuyWrite Income ETF by 8.6% during the second quarter. Channel Wealth LLC now owns 15,129 shares of the company’s stock worth $346,000 after purchasing an additional 1,199 shares in the last quarter.

First Trust BuyWrite Income ETF Company Profile

(Get Free Report)

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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