Short Interest in First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) Rises By 135.8%

First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) saw a large growth in short interest in June. As of June 30th, there was short interest totaling 232,636 shares, a growth of 135.8% from the June 15th total of 98,665 shares. Currently, 1.0% of the company’s stock are short sold. Based on an average daily volume of 369,664 shares, the short-interest ratio is presently 0.6 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SCIO. Osaic Holdings Inc. purchased a new stake in shares of First Trust Structured Credit Income Opportunities ETF in the 2nd quarter valued at approximately $25,000. Raleigh Capital Management Inc. purchased a new stake in shares of First Trust Structured Credit Income Opportunities ETF during the 1st quarter worth $30,000. Torren Management LLC purchased a new stake in shares of First Trust Structured Credit Income Opportunities ETF during the 1st quarter worth $39,000. IFP Advisors Inc acquired a new position in shares of First Trust Structured Credit Income Opportunities ETF during the third quarter worth $44,000. Finally, Noble Wealth Management PBC acquired a new position in shares of First Trust Structured Credit Income Opportunities ETF during the second quarter worth $98,000. Hedge funds and other institutional investors own 0.83% of the company’s stock.

First Trust Structured Credit Income Opportunities ETF Price Performance

Shares of First Trust Structured Credit Income Opportunities ETF stock traded up $0.02 on Tuesday, reaching $20.62. 123,186 shares of the company were exchanged, compared to its average volume of 212,232. The stock’s 50 day moving average price is $20.64 and its 200-day moving average price is $20.74. First Trust Structured Credit Income Opportunities ETF has a 1-year low of $20.43 and a 1-year high of $21.69. The company has a market cap of $467.04 million, a P/E ratio of -272.33 and a beta of 0.07.

First Trust Structured Credit Income Opportunities ETF Company Profile

The First Trust Structured Credit Income Opportunities ETF (SCIO) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seeking to maximize long-term income by holding intermediate-term structured credit investments such as RMBS, CMBS, CLOs, and ABS. Securities are of any credit quality. SCIO was launched on Feb 27, 2024 and is issued by First Trust.