First Trust Income Opportunities ETF (NASDAQ:FCEF) Short Interest Update

First Trust Income Opportunities ETF (NASDAQ:FCEF) was the recipient of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 1,200 shares, a drop of 92.4% from the February 29th total of 15,800 shares. Based on an average daily volume of 6,300 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On First Trust Income Opportunities ETF

Several institutional investors have recently modified their holdings of FCEF. Morgan Stanley lifted its holdings in shares of First Trust Income Opportunities ETF by 43.7% during the 4th quarter. Morgan Stanley now owns 1,850 shares of the company’s stock valued at $36,000 after purchasing an additional 563 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in First Trust Income Opportunities ETF by 4.7% in the 3rd quarter. Commonwealth Equity Services LLC now owns 12,794 shares of the company’s stock valued at $236,000 after acquiring an additional 576 shares in the last quarter. Advisor Group Holdings Inc. lifted its stake in First Trust Income Opportunities ETF by 12.1% in the 4th quarter. Advisor Group Holdings Inc. now owns 10,120 shares of the company’s stock valued at $196,000 after acquiring an additional 1,093 shares in the last quarter. Freedom Wealth Alliance LLC lifted its stake in First Trust Income Opportunities ETF by 10.7% in the 3rd quarter. Freedom Wealth Alliance LLC now owns 11,567 shares of the company’s stock valued at $216,000 after acquiring an additional 1,121 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in First Trust Income Opportunities ETF by 35.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 11,496 shares of the company’s stock valued at $271,000 after acquiring an additional 3,001 shares in the last quarter.

First Trust Income Opportunities ETF Stock Up 0.7 %

FCEF stock traded up $0.14 during midday trading on Thursday, reaching $20.72. The stock had a trading volume of 8,851 shares, compared to its average volume of 6,561. The business has a fifty day simple moving average of $20.13 and a two-hundred day simple moving average of $19.35. The firm has a market cap of $30.25 million, a price-to-earnings ratio of 16.94 and a beta of 0.95. First Trust Income Opportunities ETF has a twelve month low of $17.62 and a twelve month high of $20.72.

First Trust Income Opportunities ETF Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Wednesday, March 13th will be given a dividend of $0.125 per share. The ex-dividend date is Tuesday, March 12th. This represents a $1.50 annualized dividend and a dividend yield of 7.24%.

About First Trust Income Opportunities ETF

The First Trust Income Opportunity ETF (FCEF) is an exchange-traded fund that is based on the S-Network Composite Closed-End Fund index. The fund is an actively managed ETF that holds closed-end funds to get exposure to US and non-US equity, fixed income securities, and commodities. The fund’s primary objective is to provide current income.