First Trust Senior Floating Rate Income Fund II (NYSE:FCT) Short Interest Update

First Trust Senior Floating Rate Income Fund II (NYSE:FCT) saw a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 137,151 shares, a growth of 198.1% from the February 12th total of 46,012 shares. Based on an average trading volume of 97,973 shares, the short-interest ratio is currently 1.4 days. Based on an average trading volume of 97,973 shares, the short-interest ratio is currently 1.4 days.

First Trust Senior Floating Rate Income Fund II Stock Up 0.2%

Shares of NYSE FCT traded up $0.02 during trading on Thursday, hitting $9.71. The company had a trading volume of 117,599 shares, compared to its average volume of 111,817. The stock has a fifty day simple moving average of $9.94 and a two-hundred day simple moving average of $9.87. First Trust Senior Floating Rate Income Fund II has a fifty-two week low of $8.61 and a fifty-two week high of $10.30.

First Trust Senior Floating Rate Income Fund II Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be paid a $0.097 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 12.0%.

Institutional Investors Weigh In On First Trust Senior Floating Rate Income Fund II

Large investors have recently bought and sold shares of the company. Royal Bank of Canada lifted its position in shares of First Trust Senior Floating Rate Income Fund II by 12.4% in the first quarter. Royal Bank of Canada now owns 167,829 shares of the investment management company’s stock valued at $1,702,000 after acquiring an additional 18,542 shares in the last quarter. Advisors Asset Management Inc. raised its stake in First Trust Senior Floating Rate Income Fund II by 5.9% in the 2nd quarter. Advisors Asset Management Inc. now owns 663,961 shares of the investment management company’s stock valued at $6,746,000 after purchasing an additional 37,176 shares during the last quarter. Invesco Ltd. raised its stake in First Trust Senior Floating Rate Income Fund II by 36.6% in the 2nd quarter. Invesco Ltd. now owns 512,105 shares of the investment management company’s stock valued at $5,203,000 after purchasing an additional 137,308 shares during the last quarter. Jane Street Group LLC purchased a new position in First Trust Senior Floating Rate Income Fund II in the 2nd quarter valued at $144,000. Finally, Ameriprise Financial Inc. lifted its holdings in First Trust Senior Floating Rate Income Fund II by 27.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 188,001 shares of the investment management company’s stock valued at $1,910,000 after purchasing an additional 40,907 shares in the last quarter.

About First Trust Senior Floating Rate Income Fund II

First Trust Senior Floating Rate Income Fund II (NYSE: FCT) is a diversified, closed-end management investment company that seeks to provide current income with preservation of capital. Listed on the New York Stock Exchange, the fund pursues its objective by investing primarily in senior floating rate loans and other floating rate debt instruments of U.S. and non-U.S. companies. As a closed-end vehicle, FCT issues a fixed number of common shares and may utilize leverage to enhance returns for shareholders.

Under normal market conditions, FCT allocates at least 80% of its managed assets to senior floating rate loans, which are typically secured obligations of corporate borrowers.