First Trust Nasdaq BuyWrite Income ETF (FTQI)

First Trust Nasdaq BuyWrite Income ETF (FTQI) is an exchange-traded fund in the Derivative Income category. It has $962.82M in assets, an expense ratio of 0.75% and a 7.62% dividend yield. 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.