First Trust Income Opportunities ETF (NASDAQ:FCEF) Short Interest Down 38.4% in March

First Trust Income Opportunities ETF (NASDAQ:FCEF) was the target of a significant drop in short interest in March. As of March 13th, there was short interest totaling 13,701 shares, a drop of 38.4% from the February 26th total of 22,231 shares. Based on an average daily trading volume, of 17,259 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.5% of the company’s stock are sold short.

First Trust Income Opportunities ETF Stock Performance

Shares of NASDAQ:FCEF traded down $0.25 during mid-day trading on Friday, hitting $22.06. 3,098 shares of the company traded hands, compared to its average volume of 20,912. The firm’s 50 day simple moving average is $23.30 and its 200 day simple moving average is $23.00. The firm has a market cap of $65.08 million, a P/E ratio of 19.88 and a beta of 0.85. First Trust Income Opportunities ETF has a 52-week low of $18.85 and a 52-week high of $23.89.

First Trust Income Opportunities ETF Announces Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 11th will be paid a dividend of $0.1375 per share. The ex-dividend date is Wednesday, March 11th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Boyce & Associates Wealth Consulting Inc. boosted its stake in shares of First Trust Income Opportunities ETF by 55.8% in 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 during the period. Commonwealth Equity Services LLC lifted its holdings in First Trust Income Opportunities ETF by 58.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 56,788 shares of the company’s stock worth $1,304,000 after buying an additional 21,030 shares in the last quarter. Aurora Private Wealth Inc. acquired a new position in First Trust Income Opportunities ETF in the 4th quarter worth $469,000. Smith Moore & CO. boosted its position in First Trust Income Opportunities ETF by 153.0% in the 4th quarter. Smith Moore & CO. now owns 30,175 shares of the company’s stock valued at $693,000 after buying an additional 18,250 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new position in First Trust Income Opportunities ETF in the 4th quarter valued at about $414,000.

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.