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

First Trust Income Opportunities ETF (NASDAQ:FCEF) was the target of a large decline in short interest in May. As of May 15th, there was short interest totaling 22,051 shares, a decline of 45.6% from the April 30th total of 40,527 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily volume of 18,023 shares, the days-to-cover ratio is presently 1.2 days.

First Trust Income Opportunities ETF Price Performance

Shares of FCEF stock opened at $24.01 on Monday. The company’s fifty day simple moving average is $23.27 and its two-hundred day simple moving average is $23.18. First Trust Income Opportunities ETF has a 52 week low of $21.60 and a 52 week high of $24.07. The stock has a market cap of $75.63 million, a P/E ratio of 19.88 and a beta of 0.78.

First Trust Income Opportunities ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, May 29th. Stockholders of record on Tuesday, May 12th were issued a $0.1375 dividend. The ex-dividend date was Tuesday, May 12th.

Institutional Trading of First Trust Income Opportunities ETF

Large investors have recently made changes to their positions in the business. NewEdge Advisors LLC increased its holdings in shares of First Trust Income Opportunities ETF by 330.6% in the 1st quarter. NewEdge Advisors LLC now owns 11,195 shares of the company’s stock worth $252,000 after buying an additional 8,595 shares during the last quarter. Kestra Advisory Services LLC increased its holdings in shares of First Trust Income Opportunities ETF by 126.4% in the 1st quarter. Kestra Advisory Services LLC now owns 10,019 shares of the company’s stock worth $225,000 after buying an additional 5,594 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of First Trust Income Opportunities ETF in the 1st quarter worth about $234,000. Harbour Investments Inc. increased its holdings in shares of First Trust Income Opportunities ETF by 104.9% in the 4th quarter. Harbour Investments Inc. now owns 32,210 shares of the company’s stock worth $740,000 after buying an additional 16,490 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new stake in shares of First Trust Income Opportunities ETF in the 4th quarter worth 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.