Short Interest in First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Increases By 67.7%

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) was the target of a large growth in short interest in the month of May. As of May 31st, there was short interest totalling 74,800 shares, a growth of 67.7% from the May 15th total of 44,600 shares. Based on an average daily trading volume, of 124,700 shares, the days-to-cover ratio is presently 0.6 days.

First Trust NASDAQ BuyWrite Income ETF Stock Performance

Shares of FTQI opened at $20.46 on Friday. The stock has a 50-day simple moving average of $20.22 and a 200-day simple moving average of $20.15. The stock has a market capitalization of $298.72 million, a PE ratio of 29.15 and a beta of 0.52. First Trust NASDAQ BuyWrite Income ETF has a 1 year low of $18.15 and a 1 year high of $20.85.

First Trust NASDAQ BuyWrite Income ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, May 31st. Investors of record on Wednesday, May 22nd were paid a dividend of $0.204 per share. This represents a $2.45 annualized dividend and a yield of 11.96%. The ex-dividend date was Tuesday, May 21st.

Institutional Investors Weigh In On First Trust NASDAQ BuyWrite Income ETF

Institutional investors have recently added to or reduced their stakes in the business. Avantax Advisory Services Inc. purchased a new stake in First Trust NASDAQ BuyWrite Income ETF during the fourth quarter worth approximately $263,000. Truist Financial Corp purchased a new stake in First Trust NASDAQ BuyWrite Income ETF during the fourth quarter worth approximately $435,000. Kestra Advisory Services LLC purchased a new stake in First Trust NASDAQ BuyWrite Income ETF during the third quarter worth approximately $261,000. Channel Wealth LLC purchased a new stake in First Trust NASDAQ BuyWrite Income ETF during the fourth quarter worth approximately $364,000. Finally, CWM LLC lifted its stake in First Trust NASDAQ BuyWrite Income ETF by 124.9% in the fourth quarter. CWM LLC now owns 22,724 shares of the company’s stock valued at $450,000 after buying an additional 12,618 shares during the last quarter.

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.