Short Interest in First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) Rises By 1,158.1%

First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) was the recipient of a large increase in short interest in May. As of May 29th, there was short interest totaling 452,712 shares, an increase of 1,158.1% from the May 14th total of 35,985 shares. Approximately 2.6% of the shares of the company are short sold. Based on an average trading volume of 200,723 shares, the short-interest ratio is currently 2.3 days.

First Trust Structured Credit Income Opportunities ETF Stock Performance

Shares of SCIO stock traded down $0.05 during trading hours on Thursday, hitting $20.58. The company had a trading volume of 22,287 shares, compared to its average volume of 202,499. First Trust Structured Credit Income Opportunities ETF has a 12 month low of $20.43 and a 12 month high of $21.69. The firm has a market capitalization of $351.92 million, a price-to-earnings ratio of -271.80 and a beta of 0.07. The firm’s fifty day moving average is $20.66 and its 200 day moving average is $20.76.

Institutional Investors Weigh In On First Trust Structured Credit Income Opportunities ETF

A number of large investors have recently bought and sold shares of SCIO. Osaic Holdings Inc. acquired a new position in First Trust Structured Credit Income Opportunities ETF during the 2nd quarter worth $25,000. Raleigh Capital Management Inc. acquired a new position in First Trust Structured Credit Income Opportunities ETF during the 1st quarter worth $30,000. Torren Management LLC acquired a new position in First Trust Structured Credit Income Opportunities ETF during the 1st quarter worth $39,000. IFP Advisors Inc acquired a new position in First Trust Structured Credit Income Opportunities ETF during the 3rd quarter worth $44,000. Finally, N.E.W. Advisory Services LLC lifted its holdings in First Trust Structured Credit Income Opportunities ETF by 38.3% during the 4th quarter. N.E.W. Advisory Services LLC now owns 10,022 shares of the company’s stock worth $208,000 after buying an additional 2,775 shares in the last quarter. 0.83% of the stock is currently owned by 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.