First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) Short Interest Up 60.7% in March

First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) saw a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 357,482 shares, a growth of 60.7% from the February 26th total of 222,427 shares. Currently, 4.2% of the company’s shares are sold short. Based on an average trading volume of 430,541 shares, the days-to-cover ratio is currently 0.8 days.

First Trust Structured Credit Income Opportunities ETF Price Performance

Shares of NYSEARCA:SCIO traded up $0.02 on Friday, hitting $20.52. 85,962 shares of the company’s stock were exchanged, compared to its average volume of 204,662. First Trust Structured Credit Income Opportunities ETF has a 12 month low of $20.06 and a 12 month high of $22.51. The stock has a market capitalization of $174.42 million, a price-to-earnings ratio of -271.01 and a beta of 0.08. The business’s 50 day simple moving average is $20.83 and its two-hundred day simple moving average is $20.82.

Institutional Trading of First Trust Structured Credit Income Opportunities ETF

A number of hedge funds have recently added to or reduced their stakes in SCIO. Cetera Investment Advisers lifted its position in shares of First Trust Structured Credit Income Opportunities ETF by 59.5% in the 4th quarter. Cetera Investment Advisers now owns 19,185 shares of the company’s stock worth $399,000 after purchasing an additional 7,157 shares during the period. Osaic Holdings Inc. increased its holdings in First Trust Structured Credit Income Opportunities ETF by 49.6% during the fourth quarter. Osaic Holdings Inc. now owns 6,820 shares of the company’s stock valued at $142,000 after buying an additional 2,260 shares during the period. Kestra Advisory Services LLC purchased a new position in First Trust Structured Credit Income Opportunities ETF during the fourth quarter valued at approximately $489,000. CreativeOne Wealth LLC raised its stake in First Trust Structured Credit Income Opportunities ETF by 9.8% in the fourth quarter. CreativeOne Wealth LLC now owns 44,863 shares of the company’s stock worth $933,000 after buying an additional 3,991 shares in the last quarter. Finally, Arkadios Wealth Advisors raised its stake in First Trust Structured Credit Income Opportunities ETF by 16.2% in the fourth quarter. Arkadios Wealth Advisors now owns 13,772 shares of the company’s stock worth $286,000 after buying an additional 1,915 shares in the last quarter. 0.83% of the stock is owned by hedge funds and other institutional investors.

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.