First Trust Income Opportunities ETF (NASDAQ:FCEF) Short Interest Up 33.6% in December

First Trust Income Opportunities ETF (NASDAQ:FCEF) was the target of a large growth in short interest in December. As of December 31st, there was short interest totaling 24,853 shares, a growth of 33.6% from the December 15th total of 18,596 shares. Approximately 0.9% of the company’s stock are short sold. Based on an average daily volume of 12,252 shares, the days-to-cover ratio is currently 2.0 days. Based on an average daily volume of 12,252 shares, the days-to-cover ratio is currently 2.0 days. Approximately 0.9% of the company’s stock are short sold.

First Trust Income Opportunities ETF Stock Performance

Shares of First Trust Income Opportunities ETF stock traded down $0.02 during trading hours on Friday, reaching $23.25. The company’s stock had a trading volume of 18,113 shares, compared to its average volume of 23,701. The company has a market capitalization of $67.43 million, a P/E ratio of 19.88 and a beta of 0.85. The stock’s fifty day simple moving average is $22.86 and its two-hundred day simple moving average is $22.75. First Trust Income Opportunities ETF has a one year low of $18.85 and a one year high of $23.36.

First Trust Income Opportunities ETF Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Tuesday, January 13th will be paid a dividend of $0.135 per share. The ex-dividend date is Tuesday, January 13th. This represents a c) dividend on an annualized basis and a yield of 7.0%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Boyce & Associates Wealth Consulting Inc. lifted its stake in First Trust Income Opportunities ETF by 31.0% during the 2nd quarter. Boyce & Associates Wealth Consulting Inc. now owns 38,514 shares of the company’s stock valued at $864,000 after acquiring an additional 9,104 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in shares of First Trust Income Opportunities ETF in the second quarter valued at about $64,000. Harbour Investments Inc. lifted its position in shares of First Trust Income Opportunities ETF by 405.2% during the second quarter. Harbour Investments Inc. now owns 3,890 shares of the company’s stock valued at $87,000 after purchasing an additional 3,120 shares in the last quarter. Envestnet Asset Management Inc. purchased a new position in First Trust Income Opportunities ETF during the second quarter worth about $256,000. Finally, Cetera Investment Advisers grew its position in First Trust Income Opportunities ETF by 9.7% in the 2nd quarter. Cetera Investment Advisers now owns 24,169 shares of the company’s stock worth $542,000 after purchasing an additional 2,144 shares in the last quarter.

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.