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

First Trust Income Opportunities ETF (NASDAQ:FCEF) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 41,810 shares, a growth of 95.3% from the May 31st total of 21,412 shares. Based on an average daily volume of 23,493 shares, the days-to-cover ratio is presently 1.8 days. Approximately 1.3% of the shares of the stock are sold short.

Hedge Funds Weigh In On First Trust Income Opportunities ETF

A number of institutional investors have recently modified their holdings of FCEF. Western Wealth Management LLC acquired a new position in First Trust Income Opportunities ETF during the first quarter worth about $51,000. Kestra Advisory Services LLC acquired a new stake in shares of First Trust Income Opportunities ETF in the 4th quarter valued at approximately $102,000. Janney Montgomery Scott LLC acquired a new stake in shares of First Trust Income Opportunities ETF in the 1st quarter valued at approximately $234,000. NewEdge Advisors LLC grew its holdings in shares of First Trust Income Opportunities ETF by 330.6% during the 1st quarter. NewEdge Advisors LLC now owns 11,195 shares of the company’s stock valued at $252,000 after purchasing an additional 8,595 shares during the last quarter. Finally, Smith Moore & CO. bought a new stake in shares of First Trust Income Opportunities ETF during the 3rd quarter valued at approximately $273,000.

First Trust Income Opportunities ETF Trading Down 0.2%

FCEF stock traded down $0.06 during mid-day trading on Wednesday, hitting $23.99. The stock had a trading volume of 15,773 shares, compared to its average volume of 17,616. The firm has a fifty day simple moving average of $23.66 and a 200 day simple moving average of $23.33. First Trust Income Opportunities ETF has a 52 week low of $21.95 and a 52 week high of $24.09. The firm has a market capitalization of $75.57 million, a P/E ratio of 19.88 and a beta of 0.77.

First Trust Income Opportunities ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 11th were issued a $0.1375 dividend. The ex-dividend date of this dividend was Thursday, June 11th.

First Trust Income Opportunities ETF Company Profile

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.