Short Interest in First Trust Income Opportunities ETF (NASDAQ:FCEF) Drops By 22.4%

First Trust Income Opportunities ETF (NASDAQ:FCEF) saw a significant drop in short interest in December. As of December 15th, there was short interest totaling 18,596 shares, a drop of 22.4% from the November 30th total of 23,953 shares. Currently, 0.7% of the company’s stock are sold short. Based on an average trading volume of 13,372 shares, the short-interest ratio is presently 1.4 days. Based on an average trading volume of 13,372 shares, the short-interest ratio is presently 1.4 days. Currently, 0.7% of the company’s stock are sold short.

First Trust Income Opportunities ETF Stock Performance

Shares of NASDAQ:FCEF traded up $0.07 during midday trading on Tuesday, reaching $22.98. 2,799 shares of the company’s stock traded hands, compared to its average volume of 11,213. First Trust Income Opportunities ETF has a one year low of $18.85 and a one year high of $23.22. The company has a market cap of $63.42 million, a price-to-earnings ratio of 19.88 and a beta of 0.85. The stock has a 50 day moving average of $22.76 and a 200 day moving average of $22.65.

First Trust Income Opportunities ETF Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Thursday, December 11th will be paid a dividend of $0.135 per share. This represents a c) annualized dividend and a dividend yield of 7.0%. The ex-dividend date is Thursday, December 11th.

Institutional Trading of First Trust Income Opportunities ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of FCEF. Boyce & Associates Wealth Consulting Inc. lifted its holdings in First Trust Income Opportunities ETF by 55.8% during the third quarter. Boyce & Associates Wealth Consulting Inc. now owns 60,004 shares of the company’s stock valued at $1,373,000 after purchasing an additional 21,490 shares in the last quarter. Smith Moore & CO. bought a new stake in shares of First Trust Income Opportunities ETF during the 3rd quarter valued at $273,000. Envestnet Asset Management Inc. purchased a new position in shares of First Trust Income Opportunities ETF during the 2nd quarter valued at $256,000. OLD Mission Capital LLC bought a new position in First Trust Income Opportunities ETF in the 1st quarter worth $243,000. Finally, Osaic Holdings Inc. increased its stake in First Trust Income Opportunities ETF by 36.1% in the 2nd quarter. Osaic Holdings Inc. now owns 40,618 shares of the company’s stock worth $911,000 after buying an additional 10,763 shares in the last quarter.

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. FCEF was launched on Sep 27, 2016 and is managed by First Trust.