First Trust Income Opportunities ETF (NASDAQ:FCEF) Stock Short Interest Report for October

First Trust Income Opportunities ETF (NASDAQ:FCEF) saw a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 4,242 shares, a drop of 68.0% from the September 30th total of 13,274 shares. Based on an average daily volume of 16,910 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are short sold.

Hedge Funds Weigh In On First Trust Income Opportunities ETF

A number of large investors have recently modified their holdings of FCEF. Envestnet Asset Management Inc. raised its holdings in First Trust Income Opportunities ETF by 47.9% during the second quarter. Envestnet Asset Management Inc. now owns 30,845 shares of the company’s stock worth $742,000 after acquiring an additional 9,995 shares in the last quarter. Integrated Wealth Concepts LLC boosted its position in First Trust Income Opportunities ETF by 33.0% during the second quarter. Integrated Wealth Concepts LLC now owns 17,684 shares of the company’s stock valued at $425,000 after purchasing an additional 4,386 shares during the last quarter. NewEdge Advisors LLC grew its stake in First Trust Income Opportunities ETF by 3.1% in the second quarter. NewEdge Advisors LLC now owns 14,224 shares of the company’s stock valued at $342,000 after purchasing an additional 429 shares in the last quarter. Western Wealth Management LLC bought a new position in First Trust Income Opportunities ETF in the first quarter valued at approximately $51,000. Finally, Cetera Investment Advisers grew its stake in First Trust Income Opportunities ETF by 14.4% in the first quarter. Cetera Investment Advisers now owns 47,416 shares of the company’s stock valued at $1,067,000 after purchasing an additional 5,977 shares in the last quarter.

First Trust Income Opportunities ETF Stock Down 0.5%

Shares of FCEF stock traded down $0.11 during trading on Friday, reaching $22.92. The company’s stock had a trading volume of 29,301 shares, compared to its average volume of 17,268. First Trust Income Opportunities ETF has a one year low of $21.95 and a one year high of $24.35. The business has a fifty day moving average price of $23.20 and a 200-day moving average price of $23.45. The company has a market cap of $80.45 million, a price-to-earnings ratio of 19.88 and a beta of 0.78.

First Trust Income Opportunities ETF Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, October 14th will be given a dividend of $0.1375 per share. The ex-dividend date of this dividend is Wednesday, October 14th. This represents a $1.65 annualized dividend and a yield of 7.2%.

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.