First Trust Small Cap BuyWrite Income ETF (NYSEARCA:FTKI) Short Interest Down 78.6% in May

by · The Cerbat Gem

First Trust Small Cap BuyWrite Income ETF (NYSEARCA:FTKI – Get Free Report) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 4,307 shares, a drop of 78.6% from the April 30th total of 20,150 shares. Based on an average trading volume of 2,992 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.4% of the shares of the stock are short sold.

First Trust Small Cap BuyWrite Income ETF Price Performance

Shares of NYSEARCA FTKI traded up $0.09 during mid-day trading on Friday, reaching $19.55. 7,167 shares of the company traded hands, compared to its average volume of 16,268. First Trust Small Cap BuyWrite Income ETF has a fifty-two week low of $18.07 and a fifty-two week high of $20.69. The firm has a market cap of $22.48 million, a PE ratio of 17.98 and a beta of 0.36. The stock has a fifty day simple moving average of $19.62 and a 200-day simple moving average of $19.43.

Institutional Inflows and Outflows

An institutional investor recently raised its position in First Trust Small Cap BuyWrite Income ETF stock. Royal Bank of Canada lifted its stake in shares of First Trust Small Cap BuyWrite Income ETF (NYSEARCA:FTKI – Free Report) by 203.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,582 shares of the company’s stock after acquiring an additional 11,791 shares during the quarter. Royal Bank of Canada owned about 1.53% of First Trust Small Cap BuyWrite Income ETF worth $340,000 at the end of the most recent reporting period.

First Trust Small Cap BuyWrite Income ETF Company Profile

(Get Free Report)

The First Trust Small Cap BuyWrite Income ETF (FTKI) is an exchange-traded fund that mostly invests in small-cap stocks. The fund seeks to provide current income and capital appreciation by holding a portfolio of US-listed small cap equities, while utilizing a naked call writing strategy on the Russell 2000 Index or on small-cap ETF. FTKI was launched on Feb 26, 2025 and is issued by First Trust.

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