First Trust Small Cap BuyWrite Income ETF (NYSEARCA:FTKI) Short Interest Update

First Trust Small Cap BuyWrite Income ETF (NYSEARCA:FTKI) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totaling 6,082 shares, an increase of 315.2% from the May 31st total of 1,465 shares. Based on an average daily trading volume, of 6,783 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.5% of the shares of the stock are short sold.

First Trust Small Cap BuyWrite Income ETF Stock Performance

NYSEARCA:FTKI traded up $0.03 during trading hours on Monday, hitting $19.85. The company’s stock had a trading volume of 1,518 shares, compared to its average volume of 14,557. The business’s 50-day moving average is $19.73 and its two-hundred day moving average is $19.56. The company has a market capitalization of $22.83 million, a PE ratio of 17.98 and a beta of 0.33. First Trust Small Cap BuyWrite Income ETF has a 52-week low of $18.07 and a 52-week high of $20.69.

Hedge Funds Weigh In On First Trust Small Cap BuyWrite Income ETF

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

First Trust Small Cap BuyWrite Income ETF Company Profile

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.