Short Interest in First Trust BuyWrite Income ETF (NASDAQ:FTHI) Increases By 13.2%

First Trust BuyWrite Income ETF (NASDAQ:FTHIGet Free Report) was the target of a large growth in short interest in February. As of February 15th, there was short interest totalling 46,400 shares, a growth of 13.2% from the January 31st total of 41,000 shares. Based on an average daily volume of 196,700 shares, the short-interest ratio is currently 0.2 days.

First Trust BuyWrite Income ETF Stock Performance

Shares of FTHI opened at $22.14 on Wednesday. The firm’s 50 day moving average price is $21.75 and its two-hundred day moving average price is $21.12. First Trust BuyWrite Income ETF has a twelve month low of $19.09 and a twelve month high of $22.25. The firm has a market cap of $425.53 million, a P/E ratio of 16.82 and a beta of 0.72.

First Trust BuyWrite Income ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 22nd were paid a $0.16 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 8.67%. The ex-dividend date of this dividend was Wednesday, February 21st.

Hedge Funds Weigh In On First Trust BuyWrite Income ETF

A number of large investors have recently added to or reduced their stakes in the company. Raleigh Capital Management Inc. increased its stake in First Trust BuyWrite Income ETF by 24.6% in the 4th quarter. Raleigh Capital Management Inc. now owns 3,546 shares of the company’s stock valued at $76,000 after buying an additional 700 shares during the last quarter. Harbour Investments Inc. increased its position in shares of First Trust BuyWrite Income ETF by 4,701.2% in the fourth quarter. Harbour Investments Inc. now owns 20,261 shares of the company’s stock valued at $433,000 after acquiring an additional 19,839 shares during the last quarter. OLD Mission Capital LLC acquired a new stake in shares of First Trust BuyWrite Income ETF in the fourth quarter valued at about $359,000. Royal Bank of Canada raised its holdings in First Trust BuyWrite Income ETF by 23.2% during the fourth quarter. Royal Bank of Canada now owns 257,891 shares of the company’s stock worth $5,509,000 after acquiring an additional 48,524 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in First Trust BuyWrite Income ETF by 28.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 309,741 shares of the company’s stock valued at $6,616,000 after purchasing an additional 68,733 shares during the last quarter.

About First Trust BuyWrite Income ETF

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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.

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