First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Sees Significant Decrease in Short Interest

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) was the target of a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 22,000 shares, a drop of 39.7% from the March 15th total of 36,500 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 232,700 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On First Trust NASDAQ BuyWrite Income ETF

Several hedge funds have recently modified their holdings of FTQI. LPL Financial LLC increased its holdings in shares of First Trust NASDAQ BuyWrite Income ETF by 17.6% during the 4th quarter. LPL Financial LLC now owns 1,671,347 shares of the company’s stock worth $34,797,000 after purchasing an additional 249,678 shares during the period. Commonwealth Equity Services LLC lifted its position in shares of First Trust NASDAQ BuyWrite Income ETF by 123.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 1,070,553 shares of the company’s stock worth $22,289,000 after acquiring an additional 590,743 shares during the period. Integrated Wealth Concepts LLC grew its holdings in shares of First Trust NASDAQ BuyWrite Income ETF by 2.6% during the 4th quarter. Integrated Wealth Concepts LLC now owns 664,102 shares of the company’s stock worth $13,827,000 after purchasing an additional 16,817 shares in the last quarter. Fifth Third Securities Inc. lifted its position in First Trust NASDAQ BuyWrite Income ETF by 113.7% in the fourth quarter. Fifth Third Securities Inc. now owns 442,506 shares of the company’s stock worth $9,213,000 after purchasing an additional 235,437 shares during the period. Finally, Ameritas Advisory Services LLC boosted its stake in First Trust NASDAQ BuyWrite Income ETF by 14.1% during the fourth quarter. Ameritas Advisory Services LLC now owns 290,074 shares of the company’s stock worth $6,039,000 after buying an additional 35,755 shares in the last quarter.

First Trust NASDAQ BuyWrite Income ETF Trading Up 0.3 %

First Trust NASDAQ BuyWrite Income ETF stock traded up $0.05 on Thursday, reaching $18.09. 116,190 shares of the stock were exchanged, compared to its average volume of 165,516. First Trust NASDAQ BuyWrite Income ETF has a twelve month low of $16.25 and a twelve month high of $21.49. The firm has a fifty day moving average price of $19.41 and a two-hundred day moving average price of $20.39. The stock has a market cap of $558.08 million, a PE ratio of 26.86 and a beta of 0.52.

First Trust NASDAQ BuyWrite Income ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were given a $0.207 dividend. This represents a $2.48 annualized dividend and a yield of 13.73%. The ex-dividend date of this dividend was Thursday, March 27th.

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.