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

First Trust BuyWrite Income ETF (NASDAQ:FTHI) shares saw unusually-high trading volume on Thursday . Approximately 739,164 shares traded hands during trading, an increase of 116% from the previous session’s volume of 341,684 shares.The stock last traded at $23.59 and had previously closed at $23.56.

First Trust BuyWrite Income ETF Stock Down 0.1 %

The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 18.59 and a beta of 0.72. The business has a 50 day moving average of $23.60 and a 200 day moving average of $23.10.

First Trust BuyWrite Income ETF Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be paid a dividend of $0.174 per share. The ex-dividend date is Wednesday, January 22nd. This is a positive change from First Trust BuyWrite Income ETF’s previous dividend of $0.17.

Institutional Trading of First Trust BuyWrite Income ETF

A number of hedge funds have recently added to or reduced their stakes in the business. LPL Financial LLC boosted its stake in First Trust BuyWrite Income ETF by 22.7% in the 3rd quarter. LPL Financial LLC now owns 4,753,553 shares of the company’s stock worth $109,427,000 after buying an additional 880,921 shares during the last quarter. Legacy CG LLC boosted its stake in First Trust BuyWrite Income ETF by 0.5% in the 3rd quarter. Legacy CG LLC now owns 671,417 shares of the company’s stock worth $15,456,000 after buying an additional 3,220 shares during the last quarter. Stifel Financial Corp boosted its stake in First Trust BuyWrite Income ETF by 38.4% in the 3rd quarter. Stifel Financial Corp now owns 645,420 shares of the company’s stock worth $14,858,000 after buying an additional 178,982 shares during the last quarter. Raymond James & Associates boosted its stake in First Trust BuyWrite Income ETF by 3.1% in the 3rd quarter. Raymond James & Associates now owns 518,793 shares of the company’s stock worth $11,943,000 after buying an additional 15,757 shares during the last quarter. Finally, Dunhill Financial LLC boosted its stake in First Trust BuyWrite Income ETF by 12.5% in the 3rd quarter. Dunhill Financial LLC now owns 354,438 shares of the company’s stock worth $8,159,000 after buying an additional 39,394 shares during the last quarter.

About First Trust BuyWrite Income ETF

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.