First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) Sees Large Decrease in Short Interest

First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) saw a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 46,781 shares, a drop of 35.4% from the July 15th total of 72,426 shares. Based on an average daily trading volume, of 157,911 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the shares of the company are short sold.

First Trust Structured Credit Income Opportunities ETF Stock Performance

Shares of First Trust Structured Credit Income Opportunities ETF stock opened at $20.62 on Tuesday. The stock has a market capitalization of $505.19 million, a price-to-earnings ratio of -272.33 and a beta of 0.07. First Trust Structured Credit Income Opportunities ETF has a twelve month low of $20.40 and a twelve month high of $21.69. The business’s 50 day simple moving average is $20.61 and its 200-day simple moving average is $20.69.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Osaic Holdings Inc. acquired a new position in First Trust Structured Credit Income Opportunities ETF during the second quarter worth $25,000. Raleigh Capital Management Inc. acquired a new stake in First Trust Structured Credit Income Opportunities ETF during the 1st quarter valued at $30,000. Steward Partners Investment Advisory LLC lifted its position in shares of First Trust Structured Credit Income Opportunities ETF by 6.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 27,131 shares of the company’s stock worth $564,000 after purchasing an additional 1,670 shares in the last quarter. Sanctuary Advisors LLC increased its stake in shares of First Trust Structured Credit Income Opportunities ETF by 2.1% in the 4th quarter. Sanctuary Advisors LLC now owns 87,728 shares of the company’s stock valued at $1,825,000 after buying an additional 1,842 shares during the period. Finally, Torren Management LLC acquired a new stake in First Trust Structured Credit Income Opportunities ETF in the first quarter worth about $39,000. 0.83% of the stock is owned by institutional investors and hedge funds.

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.