First Trust BuyWrite Income ETF (NASDAQ:FTHI) Sees Strong Trading Volume – What’s Next?

First Trust BuyWrite Income ETF (NASDAQ:FTHI) shares saw strong trading volume on Thursday . 739,164 shares were traded 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 Performance

The stock’s 50-day moving average price is $23.59 and its 200-day moving average price is $23.09. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 18.59 and a beta of 0.72.

First Trust BuyWrite Income ETF Increases Dividend

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

Institutional Investors Weigh In On First Trust BuyWrite Income ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB acquired a new position in shares of First Trust BuyWrite Income ETF during the 3rd quarter worth approximately $50,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of First Trust BuyWrite Income ETF during the 4th quarter worth approximately $51,000. GoalVest Advisory LLC acquired a new position in shares of First Trust BuyWrite Income ETF during the 3rd quarter worth approximately $53,000. AdvisorNet Financial Inc acquired a new position in shares of First Trust BuyWrite Income ETF during the 4th quarter worth approximately $65,000. Finally, Ferguson Shapiro LLC acquired a new position in shares of First Trust BuyWrite Income ETF during the 4th quarter worth approximately $217,000.

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.