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

The Fund's investment objective is to provide current income. The Fund will pursue its investment objective by investing primarily in equity securities listed on U.S. exchanges and by utilizing an "option strategy" consisting of writing (selling) U.S. exchange-traded covered call options on the Nasdaq-100 Index. The Fund will employ an option strategy in which it will write U.S. exchange-traded covered call options on the Nasdaq-100 Index in order to seek additional cash flow in the form of premiums on the options. A premium is the income received by an investor who sells an option contract to another party and may be distributed to shareholders on a monthly basis.

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

As of January 17, 2025, FTQI stock price climbed to $21.11 with 124,914 million shares trading.

FTQI has a market cap of $563.64 million. This is considered a Small Cap stock.

FTQI has underperformed the market in the last year with a price return of +17.4% while the SPY ETF gained +28.0%. However, in the short term, FTQI had mixed performance relative to the market. It has outperformed in the last 3 months, returning +4.7% vs +3.0% return in SPY. But in the last 2 weeks, FTQI shares have been beat by the market, returning +0.3% compared to an SPY return of +1.0%.

FTQI support price is $20.73 and resistance is $21.15 (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 FTQI shares will trade within this expected range on the day.