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

First Trust Income Opportunities ETF (NASDAQ:FCEF) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 31,695 shares, a growth of 27.5% from the December 31st total of 24,853 shares. Approximately 1.1% of the company’s stock are short sold. Based on an average daily trading volume, of 24,106 shares, the days-to-cover ratio is presently 1.3 days. Based on an average daily trading volume, of 24,106 shares, the days-to-cover ratio is presently 1.3 days. Approximately 1.1% of the company’s stock are short sold.

First Trust Income Opportunities ETF Price Performance

FCEF stock remained flat at $23.51 during trading hours on Monday. 19,140 shares of the company’s stock were exchanged, compared to its average volume of 21,473. The company’s fifty day moving average is $23.04 and its 200-day moving average is $22.82. First Trust Income Opportunities ETF has a 12-month low of $18.85 and a 12-month high of $23.56. The company has a market capitalization of $69.35 million, a PE ratio of 19.88 and a beta of 0.85.

First Trust Income Opportunities ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Tuesday, January 13th were paid a $0.135 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date was Tuesday, January 13th.

Hedge Funds Weigh In On First Trust Income Opportunities ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. GPS Wealth Strategies Group LLC raised its holdings in shares of First Trust Income Opportunities ETF by 449.6% in the third quarter. GPS Wealth Strategies Group LLC now owns 2,748 shares of the company’s stock valued at $63,000 after purchasing an additional 2,248 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of First Trust Income Opportunities ETF during the 2nd quarter valued at about $64,000. Harbour Investments Inc. increased its stake in First Trust Income Opportunities ETF by 405.2% in the second quarter. Harbour Investments Inc. now owns 3,890 shares of the company’s stock valued at $87,000 after acquiring an additional 3,120 shares during the last quarter. Envestnet Asset Management Inc. bought a new position in First Trust Income Opportunities ETF during the second quarter valued at approximately $256,000. Finally, Smith Moore & CO. bought a new position in First Trust Income Opportunities ETF during the 3rd quarter worth approximately $273,000.

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.