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

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. GPS Wealth Strategies Group LLC acquired a new stake in shares of First Trust BuyWrite Income ETF in the second quarter valued at about $97,000. Valley Brook Capital Group Inc. bought a new stake in First Trust BuyWrite Income ETF during the 2nd quarter valued at approximately $215,000. Wedbush Securities Inc. acquired a new stake in First Trust BuyWrite Income ETF in the 2nd quarter valued at approximately $218,000. J.W. Cole Advisors Inc. bought a new position in First Trust BuyWrite Income ETF in the 2nd quarter worth approximately $220,000. Finally, Simplicity Wealth LLC bought a new position in First Trust BuyWrite Income ETF in the 3rd quarter worth approximately $220,000.

First Trust BuyWrite Income ETF Trading Down 0.0 %

First Trust BuyWrite Income ETF stock traded down $0.01 during trading hours on Friday, reaching $23.06. 139,803 shares of the company were exchanged, compared to its average volume of 214,209. First Trust BuyWrite Income ETF has a 12 month low of $19.56 and a 12 month high of $23.60. The firm has a market cap of $955.15 million, a price-to-earnings ratio of 18.59 and a beta of 0.72. The stock has a 50-day moving average of $22.90 and a 200 day moving average of $22.55.

First Trust BuyWrite Income ETF Dividend Announcement

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

First Trust BuyWrite Income ETF Company Profile

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.