First Trust Income Opportunities ETF (NASDAQ:FCEF) Sees Significant Decrease in Short Interest

First Trust Income Opportunities ETF (NASDAQ:FCEF) was the recipient of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 26,690 shares, a decline of 36.2% from the June 15th total of 41,810 shares. Based on an average daily volume of 9,753 shares, the days-to-cover ratio is presently 2.7 days. Approximately 0.8% of the shares of the company are short sold.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Western Wealth Management LLC acquired a new position in First Trust Income Opportunities ETF during the first quarter valued at $51,000. Kestra Advisory Services LLC acquired a new stake in First Trust Income Opportunities ETF during the 4th quarter worth about $102,000. Janney Montgomery Scott LLC acquired a new stake in First Trust Income Opportunities ETF during the 1st quarter worth about $234,000. NewEdge Advisors LLC raised its stake 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 buying an additional 8,595 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new position in shares of First Trust Income Opportunities ETF during the 4th quarter valued at about $414,000.

First Trust Income Opportunities ETF Stock Performance

NASDAQ FCEF traded down $0.02 during trading hours on Friday, reaching $23.82. The stock had a trading volume of 10,158 shares, compared to its average volume of 18,873. First Trust Income Opportunities ETF has a 52-week low of $21.95 and a 52-week high of $24.12. The stock has a fifty day moving average of $23.76 and a 200 day moving average of $23.43. The stock has a market cap of $80.04 million, a P/E ratio of 19.88 and a beta of 0.77.

First Trust Income Opportunities ETF Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, July 14th will be issued a $0.1375 dividend. The ex-dividend date of this dividend is Tuesday, July 14th.

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.