First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) Short Interest Down 71.3% in January

First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) saw a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 9,911 shares, a drop of 71.3% from the December 31st total of 34,554 shares. Based on an average trading volume of 214,715 shares, the short-interest ratio is currently 0.0 days. Approximately 0.1% of the shares of the stock are sold short. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 214,715 shares, the short-interest ratio is currently 0.0 days.

First Trust Structured Credit Income Opportunities ETF Price Performance

First Trust Structured Credit Income Opportunities ETF stock traded up $0.01 during trading hours on Wednesday, hitting $20.82. The stock had a trading volume of 79,531 shares, compared to its average volume of 204,402. First Trust Structured Credit Income Opportunities ETF has a 1-year low of $20.06 and a 1-year high of $22.51. The stock’s fifty day moving average is $20.81 and its two-hundred day moving average is $20.80. The stock has a market capitalization of $154.07 million, a price-to-earnings ratio of -274.97 and a beta of 0.08.

About First Trust Structured Credit Income Opportunities ETF

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.