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

First Trust SSI Strategic Convertible Securities ETF (NASDAQ:FCVT) was the recipient of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 2,411 shares, a decrease of 64.5% from the May 31st total of 6,796 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 19,241 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Concurrent Investment Advisors LLC lifted its position in shares of First Trust SSI Strategic Convertible Securities ETF by 112.0% during the 4th quarter. Concurrent Investment Advisors LLC now owns 347,194 shares of the company’s stock valued at $14,941,000 after acquiring an additional 183,410 shares during the last quarter. Jane Street Group LLC lifted its holdings in shares of First Trust SSI Strategic Convertible Securities ETF by 645.7% during the 2nd quarter. Jane Street Group LLC now owns 133,299 shares of the company’s stock valued at $5,173,000 after buying an additional 115,423 shares during the last quarter. Private Advisory Group LLC bought a new stake in First Trust SSI Strategic Convertible Securities ETF in the fourth quarter worth approximately $3,730,000. Royal Bank of Canada increased its position in First Trust SSI Strategic Convertible Securities ETF by 49.9% during the fourth quarter. Royal Bank of Canada now owns 88,861 shares of the company’s stock worth $3,824,000 after buying an additional 29,590 shares during the last quarter. Finally, Plus Group Wealth Advisors LLC acquired a new position in shares of First Trust SSI Strategic Convertible Securities ETF during the 4th quarter valued at about $1,116,000.

First Trust SSI Strategic Convertible Securities ETF Price Performance

Shares of FCVT stock opened at $52.30 on Friday. The firm has a fifty day moving average of $51.70 and a two-hundred day moving average of $47.43. First Trust SSI Strategic Convertible Securities ETF has a 1-year low of $38.18 and a 1-year high of $54.90.

First Trust SSI Strategic Convertible Securities ETF Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th will be paid a $0.045 dividend. This represents a c) dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Thursday, June 25th.

About First Trust SSI Strategic Convertible Securities ETF

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.