First Trust BuyWrite Income ETF (NASDAQ:FTHI) Sees Unusually-High Trading Volume – Here’s Why

First Trust BuyWrite Income ETF (NASDAQ:FTHI) saw an uptick in trading volume on Friday . 308,463 shares were traded during trading, an increase of 56% from the previous session’s volume of 197,145 shares.The stock last traded at $23.40 and had previously closed at $23.28.

First Trust BuyWrite Income ETF Price Performance

The firm has a market cap of $985.79 million, a price-to-earnings ratio of 18.59 and a beta of 0.72. The stock has a 50-day moving average price of $23.59 and a 200 day moving average price of $23.01.

First Trust BuyWrite Income ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a $0.172 dividend. The ex-dividend date of this dividend was Friday, December 13th.

Hedge Funds Weigh In On First Trust BuyWrite Income ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in FTHI. JPMorgan Chase & Co. lifted its stake in shares of First Trust BuyWrite Income ETF by 138,919.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 182,116 shares of the company’s stock worth $4,192,000 after acquiring an additional 181,985 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in First Trust BuyWrite Income ETF during the third quarter worth about $50,000. World Investment Advisors LLC acquired a new stake in First Trust BuyWrite Income ETF in the third quarter valued at about $1,743,000. Sanctuary Advisors LLC purchased a new stake in First Trust BuyWrite Income ETF in the 3rd quarter valued at approximately $403,000. Finally, Legacy Investment Solutions LLC acquired a new position in First Trust BuyWrite Income ETF during the 3rd quarter worth approximately $219,000.

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.