First Trust Income Opportunities ETF (NASDAQ:FCEF) Stock Short Interest Declines 49.5%

First Trust Income Opportunities ETF (NASDAQ:FCEF) saw a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 14,270 shares, a decrease of 49.5% from the August 31st total of 28,250 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 17,276 shares, the days-to-cover ratio is currently 0.8 days.

First Trust Income Opportunities ETF Stock Down 1.0%

Shares of First Trust Income Opportunities ETF stock opened at $22.66 on Tuesday. First Trust Income Opportunities ETF has a 12 month low of $21.95 and a 12 month high of $24.35. The business has a fifty day simple moving average of $23.78 and a 200 day simple moving average of $23.56. The stock has a market cap of $80.67 million, a PE ratio of 19.88 and a beta of 0.77.

First Trust Income Opportunities ETF Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 11th will be given a dividend of $0.1375 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.65 annualized dividend and a yield of 7.3%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Cetera Investment Advisers raised its stake in shares of 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. Envestnet Asset Management Inc. grew its position in shares of First Trust Income Opportunities ETF by 47.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 30,845 shares of the company’s stock valued at $742,000 after acquiring an additional 9,995 shares during the period. Integrated Wealth Concepts LLC increased its stake in shares of First Trust Income Opportunities ETF by 33.0% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 17,684 shares of the company’s stock worth $425,000 after purchasing an additional 4,386 shares during the last quarter. NewEdge Advisors LLC lifted its stake in First Trust Income Opportunities ETF by 3.1% in the 2nd quarter. NewEdge Advisors LLC now owns 14,224 shares of the company’s stock valued at $342,000 after purchasing an additional 429 shares during the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in First Trust Income Opportunities ETF during the first quarter worth about $234,000.

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.