First Trust Senior Floating Rate Income Fund II (NYSE:FCT) Short Interest Down 27.2% in January

First Trust Senior Floating Rate Income Fund II (NYSE:FCT) saw a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 28,857 shares, a decrease of 27.2% from the December 31st total of 39,646 shares. Based on an average daily volume of 128,024 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 128,024 shares, the short-interest ratio is presently 0.2 days.

First Trust Senior Floating Rate Income Fund II Stock Down 0.0%

NYSE:FCT opened at $10.10 on Friday. The company has a 50 day simple moving average of $9.91 and a two-hundred day simple moving average of $9.92. First Trust Senior Floating Rate Income Fund II has a 12 month low of $8.61 and a 12 month high of $10.49.

First Trust Senior Floating Rate Income Fund II Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd will be paid a $0.097 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 11.5%. The ex-dividend date is Monday, February 2nd.

Institutional Trading of First Trust Senior Floating Rate Income Fund II

A number of hedge funds have recently bought and sold shares of FCT. Geneos Wealth Management Inc. boosted its position in First Trust Senior Floating Rate Income Fund II by 2.6% in the second quarter. Geneos Wealth Management Inc. now owns 40,891 shares of the investment management company’s stock worth $415,000 after purchasing an additional 1,024 shares during the last quarter. NWF Advisory Services Inc. increased its position in shares of First Trust Senior Floating Rate Income Fund II by 5.9% during the 2nd quarter. NWF Advisory Services Inc. now owns 24,187 shares of the investment management company’s stock valued at $246,000 after purchasing an additional 1,357 shares during the last quarter. RFG Advisory LLC lifted its stake in shares of First Trust Senior Floating Rate Income Fund II by 5.4% in the 2nd quarter. RFG Advisory LLC now owns 33,717 shares of the investment management company’s stock worth $343,000 after purchasing an additional 1,731 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of First Trust Senior Floating Rate Income Fund II by 12.0% in the third quarter. Envestnet Asset Management Inc. now owns 31,396 shares of the investment management company’s stock worth $314,000 after buying an additional 3,373 shares during the last quarter. Finally, Strategic Financial Concepts LLC boosted its holdings in shares of First Trust Senior Floating Rate Income Fund II by 9.4% in the second quarter. Strategic Financial Concepts LLC now owns 42,100 shares of the investment management company’s stock worth $428,000 after buying an additional 3,600 shares during the last quarter.

First Trust Senior Floating Rate Income Fund II Company Profile

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.