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First Trust Nasdaq BuyWrite Income ETF (FTQI)

Derivative Income | Exchange Traded Fund | NasdaqGM
21.96 USD -0.12 (-0.543%) ⇩ (Aug. 28, 2026, 4 p.m. EDT)
After hours: 21.69 -0.27 (-0.273%) ⇩ (Aug. 28, 2026, 7:30 p.m. EDT)
Short-term:★★⯪☆☆Long-term:★★⯪☆☆Dividends:★★★☆☆
Hot Take ↕ | Aug. 22, 2026, 4:24 a.m. EDT

The most compelling feature here is the robust income profile, which currently sits at a healthy 6.72% yield. This payout is well-supported by a consistent history of distributions that have generally tracked or exceeded inflation over the last few years, avoiding the trap of aggressive cuts seen in some peers during downturns. However, the underlying business quality is mediocre; the fund tracks a strategy of selling covered calls on the Nasdaq-100, which inherently caps upside potential. While the long-term price trajectory shows a slight net gain over the last nine years, the asset has recently stalled, posting flat-to-negative returns in the most recent annual periods, indicating the market is not rewarding this capped-growth strategy with capital appreciation. For investors seeking pure income, this is a viable tool, but it should not be viewed as a vehicle for significant long-term wealth creation given the structural limitations of the underlying index strategy.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL ✓0.013679
AutoTheta0.015026
AutoETS0.015707
AutoARIMA0.015852

Forecast horizon: 45 days | Selected: MSTL

Forecast Reliability
Score 59%
H-stat 1.13
Ljung-Box p 0.000
Jarque-Bera p 0.016
Excess Kurtosis 1.04
Attribute Value
Trailing P/E 32.58

As of Aug. 22, 2026, 4:24 a.m. EDT: Options activity is extremely thin with negligible open interest and volume across both calls and puts. Implied volatility is elevated on the put side relative to calls, suggesting a slight, albeit weak, defensive bias among speculators, but the lack of meaningful positioning indicates no clear directional consensus.

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
1.01% 11.82% 11.92% 10.73%
Dividend History
Date Dividend Yield %
2026-08-21 0.222 1.012312
2026-07-21 0.222 1.005435
2026-06-25 0.199 0.916628
2026-05-21 0.199 0.921296
2026-04-21 0.199 0.951698
2026-03-26 0.207 1.047041
2026-02-20 0.207 1.013216
2026-01-21 0.207 0.998071
2025-12-12 0.205 0.990817
2025-11-21 0.205 1.017370
2025-10-21 0.205 0.986525
2025-09-25 0.195 0.954946
2025-08-21 0.195 0.985346
2025-07-22 0.195 0.997953
2025-06-26 0.188 0.965588
2025-05-21 0.188 0.998937
2025-04-22 0.188 1.049107
2025-03-27 0.207 1.083770
2025-02-21 0.207 1.000000
2025-01-22 0.207 0.977337
2024-12-13 0.204 0.960000
2024-11-21 0.204 0.982186
2024-10-22 0.204 0.993668
2024-09-26 0.203 0.995098
2024-08-21 0.203 1.009950
2024-07-23 0.203 0.995098
2024-06-27 0.204 0.998043
2024-05-21 0.204 1.000000
2024-04-23 0.204 1.030303
2024-03-21 0.198 0.965383
2024-02-21 0.198 0.993976
2024-01-23 0.198 0.993976
2023-12-22 0.188 0.949975
2023-11-21 0.188 0.966581
2023-10-24 0.188 1.002667
2023-09-22 0.198 1.047065
2023-08-22 0.198 1.034483
2023-07-21 0.198 1.006098
2023-06-27 0.194 0.991820
2023-05-23 0.194 1.011470
2023-04-21 0.194 1.004661
2023-03-24 0.179 0.939140
2023-02-22 0.179 0.943595
2023-01-24 0.179 0.945090
2022-12-23 0.179 0.990592
2022-11-22 0.179 0.963402
2022-10-21 0.179 0.984598
2022-09-23 0.200 1.082837
2022-08-23 0.200 0.958313
2022-07-21 0.200 0.962464
2022-06-24 0.210 1.029412
2022-05-24 0.210 1.031434
2022-04-21 0.055 0.244880
2022-03-25 0.055 0.240175
2022-02-18 0.055 0.253456
2022-01-21 0.055 0.258702
2021-12-23 0.055 0.255457
2021-11-23 0.055 0.249094
2021-10-21 0.055 0.250912
2021-09-23 0.055 0.258216
2021-08-24 0.055 0.259679
2021-07-21 0.055 0.261531
2021-06-24 0.055 0.253690
2021-05-21 0.055 0.254512
2021-04-21 0.055 0.262655
2021-03-25 0.055 0.263916
2021-02-23 0.055 0.267510
2021-01-21 0.055 0.268686
2020-12-24 0.055 0.271739
2020-11-24 0.055 0.279472
2020-10-21 0.055 0.280469
2020-09-24 0.055 0.291159
2020-08-21 0.055 0.271337
2020-07-21 0.055 0.270270
2020-06-25 0.055 0.277218
2020-05-21 0.055 0.279330
2020-04-21 0.055 0.280899
2020-03-26 0.055 0.280469
2020-02-21 0.055 0.247859
2020-01-22 0.055 0.245426
2019-12-13 0.055 0.247636
2019-11-21 0.055 0.248083
2019-10-22 0.055 0.247748
2019-09-25 0.055 0.246305
2019-08-21 0.055 0.250000
2019-07-23 0.055 0.248419
2019-06-14 0.055 0.248756
2019-05-21 0.055 0.252062
2019-04-23 0.055 0.252874
2019-03-21 0.055 0.254866
2019-02-21 0.055 0.254394
2019-01-23 0.055 0.262655
2018-12-18 0.055 0.268293
2018-11-21 0.055 0.256410
2018-10-23 0.055 0.250455
2018-09-14 0.055 0.239234
2018-08-21 0.055 0.239027
2018-07-20 0.055 0.241122
2018-06-21 0.055 0.242826
2018-05-22 0.055 0.246416
2018-04-20 0.055 0.250114
2018-03-22 0.055 0.250000
2018-02-21 0.055 0.244989
2018-01-23 0.055 0.232657
2017-12-21 0.055 0.238715
2017-11-21 0.053 0.234099
2017-10-20 0.053 0.234929
2017-09-21 0.053 0.238631
2017-08-22 0.053 0.244578
2017-07-21 0.053 0.243566
2017-06-22 0.053 0.245484
2017-05-23 0.053 0.251901
2017-04-21 0.053 0.252141
2017-03-23 0.053 0.253346
2017-02-22 0.053 0.247779
2017-01-20 0.053 0.249294
2016-12-21 0.053 0.247779
2016-11-22 0.053 0.254563
2016-10-21 0.053 0.263158
2016-09-21 0.053 0.267137
2016-08-23 0.053 0.260442
2016-07-21 0.053 0.265265
2016-06-22 0.053 0.268219
2016-05-20 0.053 0.275468
2016-04-21 0.053 0.268083
2016-02-23 0.055 0.291468
2016-01-21 0.055 0.304878
2015-12-23 0.055 0.275000
2015-11-20 0.055 0.272412
2015-10-21 0.055 0.278905
2015-09-23 0.055 0.285270
2015-08-21 0.060 0.307377
2015-07-21 0.060 0.287632
2015-06-24 0.060 0.292113
2015-05-21 0.060 0.288046
2015-03-25 0.060 0.289296
2015-02-20 0.060 0.288462
2015-01-21 0.060 0.298954
2014-12-23 0.065 0.319410
2014-11-21 0.065 0.319567
2014-10-21 0.066 0.333502
2014-09-23 0.068 0.332681
2014-08-21 0.067 0.329238
2014-07-22 0.068 0.333988
2014-06-24 0.068 0.334152
2014-05-21 0.067 0.335840
2014-04-22 0.014 0.069756
2014-03-25 0.059 0.299340
2014-02-21 0.065 0.330957
Additional Data
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
dividendYield 6.72

Info Dump

Attribute Value
All Time High 23.65
All Time Low 16.25
Ask 22.18
Ask Size 2
Average Daily Volume10 Day 280,910
Average Daily Volume3 Month 284,312
Average Volume 284,312
Average Volume10Days 280,910
Beta3 Year 0.69
Bid 22.12
Bid Size 2
Category Derivative Income
Crypto Tradeable 0
Currency USD
Custom Price Alert Confidence HIGH
Day High 22.08
Day Low 21.926
Dividend Yield 6.72
Eps Trailing Twelve Months 0.674084
Esg Populated 0
Exchange NGM
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 22.0266
Fifty Day Average Change -0.0666008
Fifty Day Average Change Percent -0.0030236533
Fifty Two Week Change Percent 10.732198
Fifty Two Week High 22.46
Fifty Two Week High Change -0.5
Fifty Two Week High Change Percent -0.0222618
Fifty Two Week Low 19.23
Fifty Two Week Low Change 2.7299995
Fifty Two Week Low Change Percent 0.14196566
Fifty Two Week Range 19.23 - 22.46
First Trade Date Milliseconds 1,389,105,000,000
Five Year Average Return 0.1217601
Full Exchange Name NasdaqGM
Fullday Change -0.120001
Fullday Change Percent -0.543482
Fullday Price 21.6874
Fund Family First Trust
Fund Inception Date 1,388,966,400
Gmt Off Set Milliseconds -14,400,000
Has Pre Post Market Data 1
Language en-US
Legal Type Exchange Traded Fund
Long Business Summary 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 call options on the Nasdaq-100 Index ®. The call options written by the fund will have expirations of less than one year, and will be typically written at-the-money to out-of-the-money.
Long Name First Trust Nasdaq BuyWrite Income ETF
Market us_market
Market State CLOSED
Max Age 86,400
Message Board Id finmb_249980572
Nav Price 21.96
Net Assets 907,914,750.0
Net Expense Ratio 0.75
Open 22.06
Phone (800) 621-1675
Post Market Change -0.27259827
Post Market Change Percent -1.24134
Post Market Price 21.6874
Post Market Time 1,787,959,804
Previous Close 22.08
Price Hint 2
Quote Source Name Nasdaq Real Time Price
Quote Type ETF
Region US
Regular Market Change -0.120001
Regular Market Change Percent -0.543482
Regular Market Day High 22.08
Regular Market Day Low 21.926
Regular Market Day Range 21.926 - 22.08
Regular Market Open 22.06
Regular Market Previous Close 22.08
Regular Market Price 21.96
Regular Market Time 1,787,947,201
Regular Market Volume 213,771
Short Name First Trust Nasdaq BuyWrite Inc
Source Interval 15
Symbol FTQI
Three Year Average Return 0.1773736
Total Assets 907,914,752
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing P E 32.57754
Trailing Peg Ratio None
Trailing Three Month Nav Returns 4.86113
Trailing Three Month Returns 4.86113
Triggerable 1
Two Hundred Day Average 21.1768
Two Hundred Day Average Change 0.7831993
Two Hundred Day Average Change Percent 0.036983836
Type Disp ETF
Volume 213,771
Yield 0.0672
Ytd Return 11.50064