First Trust BuyWrite Income ETF (NASDAQ:FTHI) Sees Unusually-High Trading Volume – Here’s Why

by · The Markets Daily

Shares of First Trust BuyWrite Income ETF (NASDAQ:FTHI – Get Free Report) saw unusually-strong trading volume on Friday . Approximately 1,498,064 shares were traded during mid-day trading, an increase of 107% from the previous session’s volume of 723,248 shares.The stock last traded at $23.7650 and had previously closed at $23.73.

First Trust BuyWrite Income ETF Stock Up 0.1%

The stock has a market capitalization of $1.92 billion, a PE ratio of 25.34 and a beta of 0.64. The firm has a 50 day moving average price of $23.67 and a 200 day moving average price of $23.52.

First Trust BuyWrite Income ETF Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Wednesday, January 21st will be given a $0.177 dividend. This represents a c) dividend on an annualized basis and a yield of 8.9%. The ex-dividend date of this dividend is Wednesday, January 21st.

Hedge Funds Weigh In On First Trust BuyWrite Income ETF

A number of hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. purchased a new stake in shares of First Trust BuyWrite Income ETF in the third quarter valued at about $27,000. Bank of Montreal Can bought a new stake in First Trust BuyWrite Income ETF in the 2nd quarter worth about $31,000. GoalVest Advisory LLC increased its stake in First Trust BuyWrite Income ETF by 82.2% in the 3rd quarter. GoalVest Advisory LLC now owns 1,481 shares of the company’s stock valued at $35,000 after buying an additional 668 shares during the last quarter. CX Institutional bought a new position in shares of First Trust BuyWrite Income ETF during the 3rd quarter worth approximately $36,000. Finally, Asset Dedication LLC bought a new position in shares of First Trust BuyWrite Income ETF during the 2nd quarter worth approximately $44,000.

About First Trust BuyWrite Income ETF

(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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