First Trust Income Opportunities ETF (NASDAQ:FCEF) Short Interest Down 33.4% in January

First Trust Income Opportunities ETF (NASDAQ:FCEF) was the target of a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 21,119 shares, a drop of 33.4% from the January 15th total of 31,695 shares. Based on an average trading volume of 18,855 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.7% of the company’s shares are sold short. Approximately 0.7% of the company’s shares are sold short. Based on an average trading volume of 18,855 shares, the days-to-cover ratio is presently 1.1 days.

First Trust Income Opportunities ETF Price Performance

FCEF stock traded up $0.11 during midday trading on Friday, hitting $23.82. The company’s stock had a trading volume of 24,564 shares, compared to its average volume of 23,205. The company’s fifty day moving average price is $23.17 and its 200 day moving average price is $22.89. First Trust Income Opportunities ETF has a twelve month low of $18.85 and a twelve month high of $23.86. The stock has a market capitalization of $70.27 million, a P/E ratio of 19.88 and a beta of 0.85.

First Trust Income Opportunities ETF Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Wednesday, February 11th will be issued a dividend of $0.135 per share. The ex-dividend date is Wednesday, February 11th. This represents a c) dividend on an annualized basis and a yield of 6.8%.

Institutional Trading of First Trust Income Opportunities ETF

Hedge funds have recently modified their holdings of the stock. Boyce & Associates Wealth Consulting Inc. grew its holdings in shares of First Trust Income Opportunities ETF by 1.1% during the 4th quarter. Boyce & Associates Wealth Consulting Inc. now owns 60,686 shares of the company’s stock worth $1,394,000 after purchasing an additional 682 shares in the last quarter. Ameritas Advisory Services LLC grew its stake in First Trust Income Opportunities ETF by 31.9% during the third quarter. Ameritas Advisory Services LLC now owns 3,758 shares of the company’s stock worth $86,000 after buying an additional 908 shares in the last quarter. Proactive Wealth Strategies LLC increased its holdings in First Trust Income Opportunities ETF by 4.3% in the 3rd quarter. Proactive Wealth Strategies LLC now owns 29,927 shares of the company’s stock valued at $685,000 after buying an additional 1,226 shares during the period. Cetera Investment Advisers raised its position in shares of First Trust Income Opportunities ETF by 9.7% in the 2nd quarter. Cetera Investment Advisers now owns 24,169 shares of the company’s stock valued at $542,000 after buying an additional 2,144 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC raised its position in shares of First Trust Income Opportunities ETF by 449.6% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 2,748 shares of the company’s stock valued at $63,000 after buying an additional 2,248 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.