First Trust BuyWrite Income ETF (NASDAQ:FTHI) Short Interest Update

by · The Markets Daily

First Trust BuyWrite Income ETF (NASDAQ:FTHI – Get Free Report) was the target of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 95,878 shares, a decrease of 68.7% from the July 15th total of 306,098 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 978,467 shares, the short-interest ratio is currently 0.1 days.

First Trust BuyWrite Income ETF Stock Up 0.1%

FTHI traded up $0.03 during trading on Friday, hitting $24.30. The company’s stock had a trading volume of 347,479 shares, compared to its average volume of 718,537. The firm’s 50 day moving average price is $23.80 and its two-hundred day moving average price is $23.66. First Trust BuyWrite Income ETF has a 12 month low of $22.37 and a 12 month high of $24.36. The stock has a market capitalization of $2.47 billion, a price-to-earnings ratio of 25.34 and a beta of 0.62.

First Trust BuyWrite Income ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 21st were issued a $0.179 dividend. This is a positive change from First Trust BuyWrite Income ETF’s previous dividend of $0.17. The ex-dividend date of this dividend was Tuesday, July 21st.

Institutional Investors Weigh In On First Trust BuyWrite Income ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC raised its stake in shares of First Trust BuyWrite Income ETF by 15.4% in the fourth quarter. Global Retirement Partners LLC now owns 3,783 shares of the company’s stock worth $89,000 after acquiring an additional 504 shares during the last quarter. LVZ Inc. increased its holdings in shares of First Trust BuyWrite Income ETF by 0.9% in the first quarter. LVZ Inc. now owns 64,152 shares of the company’s stock valued at $1,472,000 after purchasing an additional 551 shares in the last quarter. Novem Group raised its position in First Trust BuyWrite Income ETF by 5.0% in the 4th quarter. Novem Group now owns 11,569 shares of the company’s stock worth $273,000 after purchasing an additional 552 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in First Trust BuyWrite Income ETF by 4.6% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 12,593 shares of the company’s stock worth $300,000 after purchasing an additional 552 shares during the last quarter. Finally, Gentry Private Wealth LLC lifted its holdings in First Trust BuyWrite Income ETF by 2.8% during the 1st quarter. Gentry Private Wealth LLC now owns 21,321 shares of the company’s stock worth $489,000 after buying an additional 573 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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