First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) Short Interest Down 53.6% in August

First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 25,695 shares, a drop of 53.6% from the August 15th total of 55,403 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 188,920 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Osaic Holdings Inc. purchased a new stake in shares of First Trust Structured Credit Income Opportunities ETF during the 2nd quarter valued at about $25,000. NI Acquisitions Company LLC purchased a new position in shares of First Trust Structured Credit Income Opportunities ETF in the second quarter worth approximately $28,000. Raleigh Capital Management Inc. purchased a new position in shares of First Trust Structured Credit Income Opportunities ETF in the first quarter worth approximately $30,000. Torren Management LLC bought a new stake in First Trust Structured Credit Income Opportunities ETF during the first quarter valued at approximately $39,000. Finally, IFP Advisors Inc bought a new stake in First Trust Structured Credit Income Opportunities ETF during the third quarter valued at approximately $44,000. 0.83% of the stock is owned by hedge funds and other institutional investors.

First Trust Structured Credit Income Opportunities ETF Price Performance

Shares of SCIO opened at $20.34 on Monday. First Trust Structured Credit Income Opportunities ETF has a one year low of $20.34 and a one year high of $21.69. The firm has a market capitalization of $498.33 million, a P/E ratio of -268.63 and a beta of 0.07. The business has a fifty day moving average of $20.55 and a 200 day moving average of $20.64.

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.