First Trust Small Cap BuyWrite Income ETF
FTKI
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- First Trust Advisors L.P., 120 East Liberty Drive, Suite 400 Wheaton IL United States of America 60187
- IPO Date
- Feb 27, 2025
- Website
- ftportfolios.com
- Similar Companies
- Business
- First Trust Small Cap BuyWrite Income ETF (FTKI) is an actively managed exchange-traded fund that seeks current income as its primary objective and capital appreciation as its secondary objective. The fund invests at least 80% of its net assets in small cap equity securities listed on U.S. exchanges or derivative contracts, including options, providing exposure to small cap equities within the market capitalization range of the Russell 2000 Index or S&P SmallCap 600 Index; it employs a buy-write strategy by writing (selling) U.S. exchange-traded call options with expirations of less than one year on the Russell 2000 Index or small cap equity ETFs, typically at-the-money or slightly out-of-the-money, to generate option premiums for monthly income potential alongside dividends from the underlying equity portfolio. The equity portfolio consists primarily of growth and value stocks of small-cap companies, actively managed and rebalanced periodically based on trading liquidity, market capitalization, price level, sector classification, and contribution to risk and return; the options overlay seeks to enhance income and reduce short-term volatility. FTKI trades on NYSE Arca under the ticker FTKI with CUSIP 33738R589. The fund is advised by First Trust Advisors L.P., an affiliate of First Trust Portfolios L.P., headquartered in Wheaton, Illinois. Launched on February 26, 2025, FTKI represents First Trust's recent expansion into small cap buy-write income strategies amid ongoing product innovation in the ETF space by the firm, founded in 1991.