Short Interest in First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) Increases By 361.0%

First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) saw a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 45,690 shares, a growth of 361.0% from the January 15th total of 9,911 shares. Based on an average daily trading volume, of 202,892 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.5% of the company’s shares are short sold. Currently, 0.5% of the company’s shares are short sold. Based on an average daily trading volume, of 202,892 shares, the days-to-cover ratio is presently 0.2 days.

First Trust Structured Credit Income Opportunities ETF Trading Up 0.3%

SCIO traded up $0.06 during trading on Friday, reaching $20.97. 55,594 shares of the company’s stock were exchanged, compared to its average volume of 178,488. First Trust Structured Credit Income Opportunities ETF has a one year low of $20.06 and a one year high of $22.51. The firm has a fifty day moving average price of $20.82 and a two-hundred day moving average price of $20.82. The stock has a market capitalization of $178.25 million, a PE ratio of -276.95 and a beta of 0.08.

About First Trust Structured Credit Income Opportunities ETF

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.