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

First Trust BuyWrite Income ETF (NASDAQ:FTHI) shares saw unusually-strong trading volume on Tuesday . Approximately 368,928 shares traded hands during mid-day trading, an increase of 36% from the previous session’s volume of 272,261 shares.The stock last traded at $22.59 and had previously closed at $22.54.

First Trust BuyWrite Income ETF Stock Performance

The stock’s 50-day moving average is $23.09 and its 200 day moving average is $23.25. The firm has a market cap of $1.11 billion, a P/E ratio of 24.09 and a beta of 0.72.

First Trust BuyWrite Income ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were given a dividend of $0.174 per share. The ex-dividend date was Friday, February 21st.

Institutional Trading of First Trust BuyWrite Income ETF

A number of large investors have recently bought and sold shares of the business. SBI Securities Co. Ltd. acquired a new position in shares of First Trust BuyWrite Income ETF in the fourth quarter valued at approximately $28,000. Wilmington Savings Fund Society FSB bought a new stake in First Trust BuyWrite Income ETF in the 3rd quarter valued at $50,000. Kestra Investment Management LLC acquired a new position in First Trust BuyWrite Income ETF in the 4th quarter worth $50,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of First Trust BuyWrite Income ETF in the 4th quarter valued at about $51,000. Finally, IMG Wealth Management Inc. bought a new stake in shares of First Trust BuyWrite Income ETF in the fourth quarter valued at about $61,000.

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.