First Trust Small Cap BuyWrite Income ETF (NYSEARCA:FTKI) Short Interest Down 60.7% in July

First Trust Small Cap BuyWrite Income ETF (NYSEARCA:FTKI) was the target of a large drop in short interest in July. As of July 15th, there was short interest totaling 2,895 shares, a drop of 60.7% from the June 30th total of 7,363 shares. Based on an average daily trading volume, of 5,758 shares, the short-interest ratio is presently 0.5 days. Currently, 0.2% of the company’s stock are sold short.

First Trust Small Cap BuyWrite Income ETF Price Performance

First Trust Small Cap BuyWrite Income ETF stock traded down $0.10 during trading hours on Wednesday, hitting $19.80. 9,390 shares of the stock traded hands, compared to its average volume of 13,443. The firm’s 50 day moving average price is $19.85 and its 200-day moving average price is $19.71. The stock has a market capitalization of $24.75 million, a price-to-earnings ratio of 17.98 and a beta of 0.30. First Trust Small Cap BuyWrite Income ETF has a 1 year low of $18.07 and a 1 year high of $20.69.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in First Trust Small Cap BuyWrite Income ETF stock. Royal Bank of Canada grew its holdings in First Trust Small Cap BuyWrite Income ETF (NYSEARCA:FTKI) by 203.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,582 shares of the company’s stock after buying an additional 11,791 shares during the quarter. Royal Bank of Canada owned 1.53% of First Trust Small Cap BuyWrite Income ETF worth $340,000 as of its most recent SEC filing.

About First Trust Small Cap BuyWrite Income ETF

The First Trust Small Cap BuyWrite Income ETF (FTKI) is an exchange-traded fund that mostly invests in small-cap stocks. The fund seeks to provide current income and capital appreciation by holding a portfolio of US-listed small cap equities, while utilizing a naked call writing strategy on the Russell 2000 Index or on small-cap ETF. FTKI was launched on Feb 26, 2025 and is issued by First Trust.