First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) Sees Strong Trading Volume – What’s Next?

First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) saw an uptick in trading volume on Friday. 960,258 shares changed hands during trading, an increase of 321% from the previous session’s volume of 228,190 shares. The stock last traded at $20.0750 and had previously closed at $20.03.

First Trust Structured Credit Income Opportunities ETF Stock Up 0.2%

The stock’s 50-day moving average price is $20.24 and its 200 day moving average price is $20.50. The firm has a market capitalization of $547.18 million, a price-to-earnings ratio of -265.20 and a beta of 0.09.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the business. NI Acquisitions Company LLC purchased a new stake in First Trust Structured Credit Income Opportunities ETF in the 2nd quarter valued at $28,000. Raleigh Capital Management Inc. acquired a new position in shares of First Trust Structured Credit Income Opportunities ETF during the 1st quarter valued at about $30,000. Torren Management LLC acquired a new position in shares of First Trust Structured Credit Income Opportunities ETF during the 1st quarter valued at about $39,000. Noble Wealth Management PBC purchased a new stake in shares of First Trust Structured Credit Income Opportunities ETF in the 2nd quarter valued at approximately $98,000. Finally, Arwa LLC purchased a new position in First Trust Structured Credit Income Opportunities ETF in the third quarter worth approximately $231,000. 0.83% of the stock is currently 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.