First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO – Get Free Report)’s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $20.40 and last traded at $20.4150, with a volume of 4185 shares changing hands. The stock had previously closed at $20.46.
First Trust Structured Credit Income Opportunities ETF Price Performance
The business has a fifty day moving average of $20.56 and a 200 day moving average of $20.65. The stock has a market cap of $499.92 million, a price-to-earnings ratio of -269.49 and a beta of 0.07.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the business. Osaic Holdings Inc. bought a new position in shares of First Trust Structured Credit Income Opportunities ETF during the 2nd quarter valued at $25,000. NI Acquisitions Company LLC bought a new stake in First Trust Structured Credit Income Opportunities ETF in the second quarter worth $28,000. Raleigh Capital Management Inc. acquired a new position in First Trust Structured Credit Income Opportunities ETF during the first quarter worth $30,000. Torren Management LLC acquired a new position in First Trust Structured Credit Income Opportunities ETF during the first quarter worth $39,000. Finally, IFP Advisors Inc bought a new position in First Trust Structured Credit Income Opportunities ETF during the third quarter valued at about $44,000. Institutional investors and hedge funds own 0.83% of the company’s stock.
First Trust Structured Credit Income Opportunities ETF Company Profile
The First Trust Structured Credit Income Opportunities ETF (SCIO) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seeking to maximize long-term income by holding intermediate-term structured credit investments such as RMBS, CMBS, CLOs, and ABS. Securities are of any credit quality. SCIO was launched on Feb 27, 2024 and is issued by First Trust.
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