First Trust SSI Strategic Convertible Securities ETF (NASDAQ:FCVT) Short Interest Update

First Trust SSI Strategic Convertible Securities ETF (NASDAQ:FCVT) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totaling 1,660 shares, a drop of 68.6% from the July 15th total of 5,294 shares. Based on an average daily trading volume, of 64,065 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.1% of the company’s stock are short sold.

First Trust SSI Strategic Convertible Securities ETF Stock Performance

FCVT stock traded up $0.24 during trading hours on Friday, reaching $51.91. The stock had a trading volume of 9,043 shares, compared to its average volume of 29,128. The stock has a 50-day simple moving average of $51.35 and a 200 day simple moving average of $48.97. First Trust SSI Strategic Convertible Securities ETF has a fifty-two week low of $39.22 and a fifty-two week high of $54.90.

First Trust SSI Strategic Convertible Securities ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 21st were issued a dividend of $0.045 per share. The ex-dividend date was Tuesday, July 21st. This represents a c) dividend on an annualized basis and a yield of 1.0%.

Institutional Trading of First Trust SSI Strategic Convertible Securities ETF

A number of hedge funds have recently made changes to their positions in FCVT. Rockefeller Capital Management L.P. raised its stake in First Trust SSI Strategic Convertible Securities ETF by 97.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 689 shares of the company’s stock valued at $30,000 after acquiring an additional 340 shares during the period. Caldwell Trust Co acquired a new position in shares of First Trust SSI Strategic Convertible Securities ETF in the fourth quarter valued at $28,000. Western Wealth Management LLC bought a new position in shares of First Trust SSI Strategic Convertible Securities ETF in the first quarter valued at about $35,000. Hershey Financial Advisers LLC raised its position in shares of First Trust SSI Strategic Convertible Securities ETF by 3.6% in the first quarter. Hershey Financial Advisers LLC now owns 24,336 shares of the company’s stock valued at $1,075,000 after purchasing an additional 846 shares during the period. Finally, Cetera Investment Advisers lifted its stake in shares of First Trust SSI Strategic Convertible Securities ETF by 2.9% during the 1st quarter. Cetera Investment Advisers now owns 32,850 shares of the company’s stock worth $1,451,000 after buying an additional 931 shares during the last quarter.

First Trust SSI Strategic Convertible Securities ETF Company Profile

The First Trust SSI Strategic Convertible Securities ETF (FCVT) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund of convertible securities from within and outside the US. FCVT was launched on Nov 4, 2015 and is managed by First Trust.