First Trust BuyWrite Income ETF (NASDAQ:FTHI) Short Interest Up 155.7% in April

by · The Cerbat Gem

First Trust BuyWrite Income ETF (NASDAQ:FTHI – Get Free Report) was the recipient of a large growth in short interest in April. As of April 15th, there was short interest totalling 60,100 shares, a growth of 155.7% from the March 31st total of 23,500 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 501,000 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. LPL Financial LLC raised its stake in First Trust BuyWrite Income ETF by 16.2% in the 4th quarter. LPL Financial LLC now owns 5,525,369 shares of the company’s stock valued at $128,575,000 after acquiring an additional 771,816 shares during the period. Wells Fargo & Company MN raised its position in shares of First Trust BuyWrite Income ETF by 16.3% in the fourth quarter. Wells Fargo & Company MN now owns 3,366,643 shares of the company’s stock valued at $78,342,000 after purchasing an additional 470,916 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of First Trust BuyWrite Income ETF during the 4th quarter worth about $56,099,000. Legacy CG LLC boosted its holdings in shares of First Trust BuyWrite Income ETF by 12.5% during the 1st quarter. Legacy CG LLC now owns 734,817 shares of the company’s stock worth $16,063,000 after buying an additional 81,448 shares during the period. Finally, Janney Montgomery Scott LLC raised its holdings in First Trust BuyWrite Income ETF by 108.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 692,936 shares of the company’s stock valued at $15,148,000 after acquiring an additional 359,856 shares during the period.

First Trust BuyWrite Income ETF Stock Performance

NASDAQ FTHI traded down $0.17 during trading hours on Monday, hitting $21.34. 119,802 shares of the company traded hands, compared to its average volume of 304,107. The business’s 50-day moving average is $21.83 and its 200-day moving average is $22.93. First Trust BuyWrite Income ETF has a twelve month low of $19.07 and a twelve month high of $24.09. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 22.26 and a beta of 0.63.

First Trust BuyWrite Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 22nd will be paid a $0.163 dividend. The ex-dividend date is Tuesday, April 22nd. This represents a $1.96 annualized dividend and a yield of 9.17%.

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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