First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Short Interest Update

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 73,500 shares, a growth of 98.6% from the September 30th total of 37,000 shares. Based on an average trading volume of 115,300 shares, the short-interest ratio is currently 0.6 days.

Hedge Funds Weigh In On First Trust NASDAQ BuyWrite Income ETF

Large investors have recently added to or reduced their stakes in the stock. Sterling Manor Financial LLC raised its position in shares of First Trust NASDAQ BuyWrite Income ETF by 21.0% in the third quarter. Sterling Manor Financial LLC now owns 14,861 shares of the company’s stock valued at $304,000 after buying an additional 2,583 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of First Trust NASDAQ BuyWrite Income ETF by 20.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 35,600 shares of the company’s stock valued at $729,000 after buying an additional 6,000 shares during the last quarter. Cedrus LLC acquired a new stake in shares of First Trust NASDAQ BuyWrite Income ETF in the third quarter valued at about $299,000. CWM LLC raised its position in shares of First Trust NASDAQ BuyWrite Income ETF by 5.3% in the third quarter. CWM LLC now owns 46,811 shares of the company’s stock valued at $959,000 after buying an additional 2,341 shares during the last quarter. Finally, Brookstone Capital Management raised its position in shares of First Trust NASDAQ BuyWrite Income ETF by 15.1% in the third quarter. Brookstone Capital Management now owns 33,151 shares of the company’s stock valued at $679,000 after buying an additional 4,341 shares during the last quarter.

First Trust NASDAQ BuyWrite Income ETF Stock Performance

NASDAQ FTQI traded up $0.08 during mid-day trading on Monday, reaching $20.58. 95,958 shares of the stock were exchanged, compared to its average volume of 123,412. The business’s 50 day moving average is $20.34 and its 200-day moving average is $20.26. First Trust NASDAQ BuyWrite Income ETF has a 1 year low of $18.23 and a 1 year high of $20.93. The company has a market capitalization of $473.34 million, a P/E ratio of 29.15 and a beta of 0.52.

First Trust NASDAQ BuyWrite Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 22nd will be given a dividend of $0.204 per share. The ex-dividend date of this dividend is Tuesday, October 22nd. This is a boost from First Trust NASDAQ BuyWrite Income ETF’s previous monthly dividend of $0.20. This represents a $2.45 dividend on an annualized basis and a yield of 11.90%.

About First Trust NASDAQ BuyWrite Income ETF

The First Trust Nasdaq BuyWrite Income ETF (FTQI) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively-managed portfolio of US stocks, with an options overlay of short calls on the Nasdaq 100. FTQI was launched on Jan 6, 2014 and is managed by First Trust.