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

First Trust Income Opportunities ETF (NASDAQ:FCEF) was the recipient of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 40,527 shares, a growth of 237.7% from the April 15th total of 12,001 shares. Approximately 1.3% of the company’s shares are short sold. Based on an average daily trading volume, of 14,599 shares, the days-to-cover ratio is presently 2.8 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. GPS Wealth Strategies Group LLC lifted its holdings in First Trust Income Opportunities ETF by 449.6% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 2,748 shares of the company’s stock worth $63,000 after buying an additional 2,248 shares during the period. Ameritas Advisory Services LLC lifted its holdings in First Trust Income Opportunities ETF by 31.9% during the 3rd quarter. Ameritas Advisory Services LLC now owns 3,758 shares of the company’s stock worth $86,000 after buying an additional 908 shares during the period. Kestra Advisory Services LLC acquired a new position in First Trust Income Opportunities ETF during the 4th quarter worth about $102,000. Janney Montgomery Scott LLC acquired a new position in First Trust Income Opportunities ETF during the 1st quarter worth about $234,000. Finally, Smith Moore & CO. acquired a new position in First Trust Income Opportunities ETF during the 3rd quarter worth about $273,000.

First Trust Income Opportunities ETF Stock Up 0.1%

FCEF traded up $0.03 during midday trading on Thursday, hitting $23.74. 11,386 shares of the company were exchanged, compared to its average volume of 18,582. The firm has a market capitalization of $74.78 million, a P/E ratio of 19.88 and a beta of 0.78. First Trust Income Opportunities ETF has a 1-year low of $21.34 and a 1-year high of $23.99. The firm’s 50 day moving average price is $23.12 and its 200-day moving average price is $23.11.

First Trust Income Opportunities ETF Announces Dividend

The business also recently announced a dividend, which will be paid on Friday, May 29th. Shareholders of record on Tuesday, May 12th will be issued a dividend of $0.1375 per share. The ex-dividend date of this dividend is Tuesday, May 12th.

First Trust Income Opportunities ETF Company Profile

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.