First Trust Income Opportunities ETF (NASDAQ:FCEF) Stock Short Interest Falls 49.5%

First Trust Income Opportunities ETF (NASDAQ:FCEF) was the recipient of a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 14,270 shares, a decline of 49.5% from the August 31st total of 28,250 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 17,276 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Envestnet Asset Management Inc. increased its position in shares of First Trust Income Opportunities ETF by 47.9% in the second quarter. Envestnet Asset Management Inc. now owns 30,845 shares of the company’s stock valued at $742,000 after acquiring an additional 9,995 shares during the last quarter. Integrated Wealth Concepts LLC increased its holdings in shares of First Trust Income Opportunities ETF by 33.0% in the second quarter. Integrated Wealth Concepts LLC now owns 17,684 shares of the company’s stock valued at $425,000 after purchasing an additional 4,386 shares during the last quarter. NewEdge Advisors LLC lifted its position in First Trust Income Opportunities ETF by 3.1% during the second quarter. NewEdge Advisors LLC now owns 14,224 shares of the company’s stock worth $342,000 after acquiring an additional 429 shares during the last quarter. Western Wealth Management LLC acquired a new position in First Trust Income Opportunities ETF in the 1st quarter valued at $51,000. Finally, Cetera Investment Advisers raised its stake in First Trust Income Opportunities ETF by 14.4% in the 1st quarter. Cetera Investment Advisers now owns 47,416 shares of the company’s stock worth $1,067,000 after purchasing an additional 5,977 shares in the last quarter.

First Trust Income Opportunities ETF Stock Down 0.5%

First Trust Income Opportunities ETF stock traded down $0.12 during mid-day trading on Thursday, hitting $22.65. 5,170 shares of the company’s stock were exchanged, compared to its average volume of 17,704. The firm has a market capitalization of $80.62 million, a P/E ratio of 19.88 and a beta of 0.77. First Trust Income Opportunities ETF has a fifty-two week low of $21.95 and a fifty-two week high of $24.35. The company’s 50 day simple moving average is $23.74 and its 200-day simple moving average is $23.56.

First Trust Income Opportunities ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Investors of record on Friday, September 11th were given a $0.1375 dividend. The ex-dividend date was Friday, September 11th. This represents a $1.65 annualized dividend and a dividend yield of 7.3%.

First Trust Income Opportunities ETF Company Profile

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.