First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Short Interest Down 50.5% in July

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) was the recipient of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 38,447 shares, a decrease of 50.5% from the July 15th total of 77,620 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 490,685 shares, the short-interest ratio is presently 0.1 days.

First Trust NASDAQ BuyWrite Income ETF Price Performance

FTQI stock traded up $0.06 during trading hours on Friday, reaching $22.40. 225,760 shares of the stock were exchanged, compared to its average volume of 304,522. The firm’s 50-day moving average is $21.99 and its 200-day moving average is $21.25. The company has a market cap of $937.44 million, a price-to-earnings ratio of 32.31 and a beta of 0.63. First Trust NASDAQ BuyWrite Income ETF has a 12 month low of $19.23 and a 12 month high of $22.41.

First Trust NASDAQ BuyWrite Income ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 21st were given a $0.222 dividend. This represents a c) dividend on an annualized basis and a yield of 11.9%. The ex-dividend date of this dividend was Tuesday, July 21st.

Hedge Funds Weigh In On First Trust NASDAQ BuyWrite Income ETF

A number of large investors have recently bought and sold shares of the company. LPL Financial LLC grew its stake in shares of First Trust NASDAQ BuyWrite Income ETF by 10.7% during the 4th quarter. LPL Financial LLC now owns 3,185,721 shares of the company’s stock worth $66,327,000 after acquiring an additional 307,710 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in First Trust NASDAQ BuyWrite Income ETF by 26.2% during the fourth quarter. Wells Fargo & Company MN now owns 2,011,400 shares of the company’s stock worth $41,877,000 after purchasing an additional 417,518 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in First Trust NASDAQ BuyWrite Income ETF by 3.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 1,137,323 shares of the company’s stock worth $23,679,000 after purchasing an additional 34,266 shares during the last quarter. Spartan Wealth Advisory Services LLC bought a new position in First Trust NASDAQ BuyWrite Income ETF in the first quarter valued at $10,234,000. Finally, Cetera Investment Advisers grew its position in First Trust NASDAQ BuyWrite Income ETF by 16.7% in the first quarter. Cetera Investment Advisers now owns 364,351 shares of the company’s stock valued at $7,258,000 after purchasing an additional 52,045 shares in the last quarter.

About First Trust NASDAQ BuyWrite Income ETF

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.