Short Interest in First Trust BuyWrite Income ETF (NASDAQ:FTHI) Increases By 187.5%

Posted by Elija Maina on Nov 13th, 2024

First Trust BuyWrite Income ETF (NASDAQ:FTHI – Get Free Report) was the recipient of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 128,500 shares, a growth of 187.5% from the October 15th total of 44,700 shares. Based on an average daily trading volume, of 196,100 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GoalVest Advisory LLC purchased a new stake in shares of First Trust BuyWrite Income ETF in the third quarter worth $53,000. GPS Wealth Strategies Group LLC purchased a new position in First Trust BuyWrite Income ETF in the second quarter worth about $97,000. Valley Brook Capital Group Inc. bought a new position in shares of First Trust BuyWrite Income ETF in the second quarter worth approximately $215,000. Wedbush Securities Inc. purchased a new stake in shares of First Trust BuyWrite Income ETF during the second quarter valued at approximately $218,000. Finally, J.W. Cole Advisors Inc. bought a new stake in shares of First Trust BuyWrite Income ETF during the second quarter valued at approximately $220,000.

First Trust BuyWrite Income ETF Price Performance

Shares of NASDAQ FTHI opened at $23.78 on Wednesday. First Trust BuyWrite Income ETF has a 1 year low of $20.62 and a 1 year high of $23.90. The firm has a 50-day moving average of $23.06 and a 200 day moving average of $22.68. The stock has a market cap of $999.24 million, a P/E ratio of 18.59 and a beta of 0.72.

First Trust BuyWrite Income ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 22nd were issued a dividend of $0.172 per share. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a $2.06 annualized dividend and a dividend yield of 8.68%.

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.