First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Sees Large Decline in Short Interest

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) was the recipient of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 38,600 shares, a drop of 53.0% from the February 13th total of 82,100 shares. Based on an average trading volume of 202,700 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are sold short.

Institutional Investors Weigh In On First Trust NASDAQ BuyWrite Income ETF

Several hedge funds and other institutional investors have recently bought and sold shares of FTQI. Commonwealth Equity Services LLC increased its stake in First Trust NASDAQ BuyWrite Income ETF by 123.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 1,070,553 shares of the company’s stock valued at $22,289,000 after purchasing an additional 590,743 shares in the last quarter. LPL Financial LLC increased its stake in First Trust NASDAQ BuyWrite Income ETF by 17.6% in the fourth quarter. LPL Financial LLC now owns 1,671,347 shares of the company’s stock valued at $34,797,000 after purchasing an additional 249,678 shares in the last quarter. Fifth Third Securities Inc. grew its holdings in shares of First Trust NASDAQ BuyWrite Income ETF by 113.7% during the fourth quarter. Fifth Third Securities Inc. now owns 442,506 shares of the company’s stock valued at $9,213,000 after buying an additional 235,437 shares during the last quarter. Anchor Capital Management Group Inc acquired a new position in shares of First Trust NASDAQ BuyWrite Income ETF during the fourth quarter valued at about $1,541,000. Finally, Integrated Wealth Concepts LLC grew its holdings in shares of First Trust NASDAQ BuyWrite Income ETF by 8.9% during the third quarter. Integrated Wealth Concepts LLC now owns 647,285 shares of the company’s stock valued at $13,256,000 after buying an additional 52,767 shares during the last quarter.

First Trust NASDAQ BuyWrite Income ETF Stock Up 2.4 %

Shares of FTQI stock traded up $0.44 during trading hours on Friday, hitting $19.16. 123,170 shares of the company’s stock traded hands, compared to its average volume of 223,577. First Trust NASDAQ BuyWrite Income ETF has a 12 month low of $18.23 and a 12 month high of $21.49. The stock’s 50 day simple moving average is $20.65 and its 200 day simple moving average is $20.68. The stock has a market cap of $512.53 million, a PE ratio of 29.52 and a beta of 0.52.

First Trust NASDAQ BuyWrite Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were paid a dividend of $0.207 per share. This represents a $2.48 dividend on an annualized basis and a yield of 12.96%. The ex-dividend date was Friday, February 21st. This is an increase from First Trust NASDAQ BuyWrite Income ETF’s previous monthly dividend of $0.20.

First Trust NASDAQ BuyWrite Income ETF Company Profile

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.