Short Interest in First Trust Income Opportunities ETF (NASDAQ:FCEF) Decreases By 33.4%

First Trust Income Opportunities ETF (NASDAQ:FCEF) was the recipient of a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 21,119 shares, a decrease of 33.4% from the January 15th total of 31,695 shares. Based on an average daily trading volume, of 18,855 shares, the short-interest ratio is presently 1.1 days. Approximately 0.7% of the company’s stock are short sold. Approximately 0.7% of the company’s stock are short sold. Based on an average daily trading volume, of 18,855 shares, the short-interest ratio is presently 1.1 days.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. purchased a new position in shares of First Trust Income Opportunities ETF during the second quarter worth about $256,000. Harbour Investments Inc. grew its stake in First Trust Income Opportunities ETF by 405.2% during the 2nd quarter. Harbour Investments Inc. now owns 3,890 shares of the company’s stock worth $87,000 after buying an additional 3,120 shares during the last quarter. Cetera Investment Advisers increased its position in First Trust Income Opportunities ETF by 9.7% during the second quarter. Cetera Investment Advisers now owns 24,169 shares of the company’s stock worth $542,000 after buying an additional 2,144 shares during the period. Aurora Private Wealth Inc. acquired a new position in First Trust Income Opportunities ETF during the fourth quarter worth approximately $469,000. Finally, Smith Moore & CO. boosted its holdings in shares of First Trust Income Opportunities ETF by 153.0% in the fourth quarter. Smith Moore & CO. now owns 30,175 shares of the company’s stock valued at $693,000 after acquiring an additional 18,250 shares during the period.

First Trust Income Opportunities ETF Trading Up 0.5%

Shares of NASDAQ:FCEF opened at $23.82 on Monday. First Trust Income Opportunities ETF has a 52 week low of $18.85 and a 52 week high of $23.86. The company’s 50 day moving average is $23.17 and its two-hundred day moving average is $22.89. The company has a market cap of $70.27 million, a PE ratio of 19.88 and a beta of 0.85.

First Trust Income Opportunities ETF Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Wednesday, February 11th will be issued a dividend of $0.135 per share. The ex-dividend date of this dividend is Wednesday, February 11th. This represents a c) dividend on an annualized basis and a yield of 6.8%.

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.