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

First Trust BuyWrite Income ETF (NASDAQ:FTHI) was the recipient of a large decline in short interest in 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 trading volume of 201,300 shares, the short-interest ratio is currently 0.2 days.

First Trust BuyWrite Income ETF Stock Down 0.0 %

Shares of FTHI stock traded down $0.01 during trading hours on Friday, hitting $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 1 year low of $19.56 and a 1 year high of $23.60. The firm has a fifty day moving average of $22.90 and a 200 day moving average of $22.55. The firm has a market cap of $955.15 million, a PE ratio of 18.59 and a beta of 0.72.

First Trust BuyWrite Income ETF Dividend Announcement

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

Hedge Funds Weigh In On First Trust BuyWrite Income ETF

Large investors have recently modified their holdings of the company. GPS Wealth Strategies Group LLC acquired a new stake in First Trust BuyWrite Income ETF during the 2nd quarter worth approximately $97,000. Valley Brook Capital Group Inc. purchased a new position in shares of First Trust BuyWrite Income ETF in the 2nd quarter valued at $215,000. Simplicity Wealth LLC acquired a new position in shares of First Trust BuyWrite Income ETF during the 3rd quarter valued at $220,000. Wedbush Securities Inc. purchased a new stake in First Trust BuyWrite Income ETF during the 2nd quarter worth $218,000. Finally, J.W. Cole Advisors Inc. acquired a new stake in First Trust BuyWrite Income ETF in the 2nd quarter valued at $220,000.

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.