FTHI Stock Summary and Trading Ideas (First Trust Buywrite Income ETF | NASDAQ:FTHI)

The Funds primary investment objective is to provide current income. The Funds secondary investment objective is to provide capital appreciation. The Fund will pursue its objectives by investing in equity securities listed on U.S. exchanges of all market capitalizations and by utilizing an "option strategy" consisting of writing (selling) U.S. exchange-traded covered call options on the Standard & Poors 500 Index (the "Index"). Under normal market conditions, the Fund invests primarily in equity securities listed on U.S. exchanges of all market capitalizations. The Fund will also employ an option strategy in which it will write U.S. exchange-traded covered call options on the Index in order to seek additional cash flow in the form of premiums on the options that may be distributed to shareholders on a monthly basis. A premium is the income received by an investor who sells or writes an option contract to another party. The market value of the option strategy may be up to 20% of the Funds overall net asset value.

First Trust Buywrite Income ETF trades on the NASDAQ stock market under the symbol FTHI.

As of April 19, 2024, FTHI stock price declined to $21.75 with 171,853 million shares trading.

FTHI has a beta of 0.67, meaning it tends to be less sensitive to market movements. FTHI has a correlation of 0.89 to the broad based SPY ETF.

FTHI has a market cap of $561.68 million. This is considered a Small Cap stock.

In the last 3 years, FTHI stock traded as high as $23.32 and as low as $18.24.

FTHI has underperformed the market in the last year with a return of +15.7%, while the SPY ETF gained +21.2%. In the last 3 month period, FTHI fell short of the market, returning +3.3%, while SPY returned +4.3%. However, in the most recent 2 weeks FTHI has outperformed the stock market by returning -2.2%, while SPY returned -3.5%.

FTHI support price is $21.72 and resistance is $21.98 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FTHI stock will trade within this expected range on the day.