First Trust Income Opportunities ETF (NASDAQ:FCEF) Short Interest Update

First Trust Income Opportunities ETF (NASDAQ:FCEF) was the recipient of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 40,527 shares, a growth of 237.7% from the April 15th total of 12,001 shares. Currently, 1.3% of the shares of the company are sold short. Based on an average daily volume of 14,599 shares, the days-to-cover ratio is currently 2.8 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Capital Investment Advisory Services LLC grew its stake in shares of First Trust Income Opportunities ETF by 2.8% during the 4th quarter. Capital Investment Advisory Services LLC now owns 457,362 shares of the company’s stock worth $10,506,000 after acquiring an additional 12,463 shares during the period. Raymond James Financial Inc. grew its stake in shares of First Trust Income Opportunities ETF by 4.8% during the 3rd quarter. Raymond James Financial Inc. now owns 126,954 shares of the company’s stock worth $2,905,000 after acquiring an additional 5,856 shares during the period. Boyce & Associates Wealth Consulting Inc. lifted its holdings in First Trust Income Opportunities ETF by 1.1% during the 4th quarter. Boyce & Associates Wealth Consulting Inc. now owns 60,686 shares of the company’s stock worth $1,394,000 after purchasing an additional 682 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in First Trust Income Opportunities ETF by 58.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 56,788 shares of the company’s stock worth $1,304,000 after purchasing an additional 21,030 shares in the last quarter. Finally, Cetera Investment Advisers lifted its holdings in First Trust Income Opportunities ETF by 14.4% during the 1st quarter. Cetera Investment Advisers now owns 47,416 shares of the company’s stock worth $1,067,000 after purchasing an additional 5,977 shares in the last quarter.

First Trust Income Opportunities ETF Trading Down 0.9%

Shares of FCEF stock traded down $0.22 on Friday, hitting $23.52. 5,342 shares of the stock were exchanged, compared to its average volume of 18,439. The firm has a market capitalization of $74.09 million, a PE ratio of 19.88 and a beta of 0.78. First Trust Income Opportunities ETF has a one year low of $21.34 and a one year high of $23.99. The firm’s 50 day moving average is $23.12 and its two-hundred day moving average is $23.11.

First Trust Income Opportunities ETF Announces Dividend

The company also recently declared a dividend, which will be paid on Friday, May 29th. Stockholders of record on Tuesday, May 12th will be paid a dividend of $0.1375 per share. The ex-dividend date is Tuesday, May 12th.

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.