First Trust BuyWrite Income ETF (NASDAQ:FTHI) Short Interest Down 65.4% in October

First Trust BuyWrite Income ETF (NASDAQ:FTHI) saw a significant drop in short interest in October. As of October 15th, there was short interest totalling 44,700 shares, a drop of 65.4% from the September 30th total of 129,300 shares. Based on an average daily trading volume, of 201,300 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On First Trust BuyWrite Income ETF

Large investors have recently modified their holdings of the stock. J.W. Cole Advisors Inc. raised its position in First Trust BuyWrite Income ETF by 18.6% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 11,633 shares of the company’s stock worth $268,000 after purchasing an additional 1,821 shares during the last quarter. Merkkuri Wealth Advisors LLC increased its stake in shares of First Trust BuyWrite Income ETF by 21.0% in the 3rd quarter. Merkkuri Wealth Advisors LLC now owns 91,803 shares of the company’s stock valued at $2,113,000 after buying an additional 15,918 shares during the period. American Institute for Advanced Investment Management LLP raised its position in shares of First Trust BuyWrite Income ETF by 6.8% during the third quarter. American Institute for Advanced Investment Management LLP now owns 55,410 shares of the company’s stock worth $1,276,000 after acquiring an additional 3,535 shares during the last quarter. Private Advisor Group LLC lifted its stake in shares of First Trust BuyWrite Income ETF by 3.6% during the third quarter. Private Advisor Group LLC now owns 28,654 shares of the company’s stock valued at $660,000 after acquiring an additional 985 shares during the period. Finally, Cyndeo Wealth Partners LLC acquired a new position in shares of First Trust BuyWrite Income ETF during the third quarter valued at $503,000.

First Trust BuyWrite Income ETF Price Performance

Shares of NASDAQ:FTHI traded down $0.01 during midday trading on Friday, reaching $23.06. The company’s stock had a trading volume of 139,803 shares, compared to its average volume of 214,209. The business’s fifty day simple moving average is $22.90 and its 200-day simple moving average is $22.56. The company has a market capitalization of $955.15 million, a P/E ratio of 18.59 and a beta of 0.72. First Trust BuyWrite Income ETF has a fifty-two week low of $19.56 and a fifty-two week high of $23.60.

First Trust BuyWrite Income ETF Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 22nd will be paid a $0.172 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 8.95%. The ex-dividend date of this dividend is Tuesday, October 22nd.

About First Trust BuyWrite Income ETF

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.