Shares of First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO – Get Free Report) passed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $20.18 and traded as high as $20.22. First Trust Structured Credit Income Opportunities ETF shares last traded at $20.20, with a volume of 148,175 shares traded.
First Trust Structured Credit Income Opportunities ETF Stock Up 0.2%
The stock’s 50 day moving average is $20.18 and its two-hundred day moving average is $20.57. The company has a market capitalization of $574.69 million, a PE ratio of -266.78 and a beta of 0.09.
Institutional Investors Weigh In On First Trust Structured Credit Income Opportunities ETF
Several hedge funds have recently modified their holdings of SCIO. NI Acquisitions Company LLC purchased a new position in First Trust Structured Credit Income Opportunities ETF during the second quarter valued at approximately $28,000. Raleigh Capital Management Inc. purchased a new stake in First Trust Structured Credit Income Opportunities ETF during the first quarter worth $30,000. Torren Management LLC purchased a new stake in First Trust Structured Credit Income Opportunities ETF during the first quarter worth $39,000. Noble Wealth Management PBC bought a new stake in First Trust Structured Credit Income Opportunities ETF during the 2nd quarter valued at $98,000. Finally, Arwa LLC bought a new stake in First Trust Structured Credit Income Opportunities ETF during the 3rd quarter valued at $231,000. Hedge funds and other institutional investors 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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