First Trust BuyWrite Income ETF (NASDAQ:FTHI) Sees Large Volume Increase – Here’s What Happened

First Trust BuyWrite Income ETF (NASDAQ:FTHI) saw unusually-strong trading volume on Monday . Approximately 1,028,561 shares changed hands during trading, an increase of 376% from the previous session’s volume of 215,859 shares.The stock last traded at $23.43 and had previously closed at $23.47.

First Trust BuyWrite Income ETF Trading Down 0.3 %

The business has a 50-day moving average price of $23.13 and a 200-day moving average price of $22.72. The stock has a market cap of $983.27 million, a PE ratio of 18.59 and a beta of 0.72.

First Trust BuyWrite Income ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 22nd were issued a dividend of $0.172 per share. This represents a $2.06 annualized dividend and a yield of 8.82%. The ex-dividend date of this dividend was Tuesday, October 22nd.

Institutional Trading of First Trust BuyWrite Income ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. GoalVest Advisory LLC acquired a new stake in First Trust BuyWrite Income ETF in the 3rd quarter worth about $53,000. GPS Wealth Strategies Group LLC acquired a new stake in shares of First Trust BuyWrite Income ETF in the second quarter worth approximately $97,000. Valley Brook Capital Group Inc. purchased a new stake in shares of First Trust BuyWrite Income ETF during the second quarter worth approximately $215,000. Wedbush Securities Inc. acquired a new position in First Trust BuyWrite Income ETF in the 2nd quarter valued at $218,000. Finally, Legacy Investment Solutions LLC purchased a new position in First Trust BuyWrite Income ETF in the 3rd quarter valued at $219,000.

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.