First Trust BuyWrite Income ETF (NASDAQ:FTHI) Short Interest Up 133.6% in June

First Trust BuyWrite Income ETF (NASDAQ:FTHI) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 280,128 shares, an increase of 133.6% from the May 31st total of 119,921 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 742,715 shares, the short-interest ratio is currently 0.4 days.

First Trust BuyWrite Income ETF Trading Up 1.0%

Shares of FTHI traded up $0.23 during trading hours on Monday, reaching $23.68. 776,228 shares of the stock traded hands, compared to its average volume of 713,566. The stock has a fifty day simple moving average of $23.75 and a 200 day simple moving average of $23.64. First Trust BuyWrite Income ETF has a 52 week low of $22.37 and a 52 week high of $24.18. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 25.34 and a beta of 0.62.

First Trust BuyWrite Income ETF Announces Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th will be paid a $0.172 dividend. The ex-dividend date is Thursday, June 25th.

Hedge Funds Weigh In On First Trust BuyWrite Income ETF

Institutional investors have recently modified their holdings of the business. Ergawealth Advisors Inc. boosted its holdings in shares of First Trust BuyWrite Income ETF by 87.2% in the 4th quarter. Ergawealth Advisors Inc. now owns 2,097,358 shares of the company’s stock worth $49,540,000 after buying an additional 976,948 shares during the last quarter. CoreCap Advisors LLC boosted its stake in First Trust BuyWrite Income ETF by 71.4% in the fourth quarter. CoreCap Advisors LLC now owns 60,539 shares of the company’s stock valued at $1,430,000 after acquiring an additional 25,225 shares during the last quarter. Truist Financial Corp boosted its stake in First Trust BuyWrite Income ETF by 169.0% in the fourth quarter. Truist Financial Corp now owns 175,169 shares of the company’s stock valued at $4,137,000 after acquiring an additional 110,050 shares during the last quarter. CWM LLC grew its position in shares of First Trust BuyWrite Income ETF by 24.2% during the 4th quarter. CWM LLC now owns 658,785 shares of the company’s stock valued at $15,560,000 after acquiring an additional 128,379 shares during the period. Finally, Kingsview Wealth Management LLC bought a new position in shares of First Trust BuyWrite Income ETF during the 3rd quarter valued at approximately $1,129,000.

First Trust BuyWrite Income ETF Company Profile

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.