Short Interest in First Trust BuyWrite Income ETF (NASDAQ:FTHI) Declines By 47.2%

First Trust BuyWrite Income ETF (NASDAQ:FTHIGet Free Report) saw a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 94,557 shares, a drop of 47.2% from the December 15th total of 179,053 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 484,828 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 484,828 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

First Trust BuyWrite Income ETF Stock Up 0.6%

Shares of FTHI stock traded up $0.14 on Thursday, reaching $23.96. 305,294 shares of the stock were exchanged, compared to its average volume of 754,744. The stock has a market cap of $1.90 billion, a P/E ratio of 25.34 and a beta of 0.64. The firm has a 50 day moving average of $23.66 and a two-hundred day moving average of $23.47. First Trust BuyWrite Income ETF has a 1-year low of $19.07 and a 1-year high of $24.03.

First Trust BuyWrite Income ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a $0.177 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.9%. The ex-dividend date was Friday, December 12th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC acquired a new stake in shares of First Trust BuyWrite Income ETF in the first quarter worth $497,000. NewEdge Advisors LLC increased its holdings in First Trust BuyWrite Income ETF by 31.9% in the 1st quarter. NewEdge Advisors LLC now owns 45,052 shares of the company’s stock valued at $985,000 after purchasing an additional 10,903 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in First Trust BuyWrite Income ETF in the first quarter valued at about $901,000. Jane Street Group LLC raised its position in First Trust BuyWrite Income ETF by 13.0% in the first quarter. Jane Street Group LLC now owns 84,413 shares of the company’s stock valued at $1,845,000 after purchasing an additional 9,736 shares during the period. Finally, Channel Wealth LLC lifted its stake in shares of First Trust BuyWrite Income ETF by 8.6% during the second quarter. Channel Wealth LLC now owns 15,129 shares of the company’s stock worth $346,000 after purchasing an additional 1,199 shares in the last quarter.

First Trust BuyWrite Income ETF Company Profile

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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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