First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) Short Interest Update

First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) was the recipient of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 98,665 shares, a decrease of 78.2% from the May 31st total of 452,712 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily volume of 88,157 shares, the days-to-cover ratio is currently 1.1 days.

First Trust Structured Credit Income Opportunities ETF Stock Up 0.2%

NYSEARCA:SCIO traded up $0.04 during midday trading on Friday, hitting $20.70. The company had a trading volume of 105,013 shares, compared to its average volume of 195,284. The company has a market capitalization of $353.97 million, a PE ratio of -273.39 and a beta of 0.07. First Trust Structured Credit Income Opportunities ETF has a 52-week low of $20.43 and a 52-week high of $21.69. The stock’s fifty day moving average price is $20.66 and its 200-day moving average price is $20.75.

Hedge Funds Weigh In On First Trust Structured Credit Income Opportunities ETF

Institutional investors have recently modified their holdings of the company. Ferguson Shapiro LLC purchased a new position in shares of First Trust Structured Credit Income Opportunities ETF during the 4th quarter valued at about $16,197,000. Kestra Advisory Services LLC boosted its stake in First Trust Structured Credit Income Opportunities ETF by 2,317.8% in the first quarter. Kestra Advisory Services LLC now owns 568,187 shares of the company’s stock worth $11,727,000 after buying an additional 544,687 shares in the last quarter. Royal Bank of Canada bought a new position in First Trust Structured Credit Income Opportunities ETF during the first quarter valued at approximately $8,006,000. Beaumont Financial Advisors LLC bought a new position in First Trust Structured Credit Income Opportunities ETF during the first quarter valued at approximately $7,243,000. Finally, Capital Investment Counsel LLC raised its position in First Trust Structured Credit Income Opportunities ETF by 305.8% in the 1st quarter. Capital Investment Counsel LLC now owns 455,240 shares of the company’s stock worth $9,396,000 after purchasing an additional 343,046 shares during the period. 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.