Short Interest in First Trust Income Opportunities ETF (NASDAQ:FCEF) Decreases By 59.5%

First Trust Income Opportunities ETF (NASDAQ:FCEF) was the recipient of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 10,815 shares, a decline of 59.5% from the June 30th total of 26,690 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 33,033 shares, the days-to-cover ratio is presently 0.3 days.

First Trust Income Opportunities ETF Stock Performance

Shares of NASDAQ FCEF traded up $0.04 during trading on Tuesday, hitting $23.70. The company had a trading volume of 5,457 shares, compared to its average volume of 18,510. First Trust Income Opportunities ETF has a 52 week low of $21.95 and a 52 week high of $24.12. The business’s 50-day moving average is $23.77 and its 200 day moving average is $23.47. The company has a market cap of $80.58 million, a P/E ratio of 19.88 and a beta of 0.77.

First Trust Income Opportunities ETF Announces Dividend

The business also recently announced a dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, July 14th will be given a dividend of $0.1375 per share. The ex-dividend date of this dividend is Tuesday, July 14th.

Hedge Funds Weigh In On First Trust Income Opportunities ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Cetera Investment Advisers raised its holdings in First Trust Income Opportunities ETF by 9.7% during the 2nd quarter. Cetera Investment Advisers now owns 24,169 shares of the company’s stock worth $542,000 after buying an additional 2,144 shares during the period. Raymond James Financial Inc. increased its position in shares of First Trust Income Opportunities ETF by 3.1% in the second quarter. Raymond James Financial Inc. now owns 121,098 shares of the company’s stock worth $2,715,000 after acquiring an additional 3,641 shares in the last quarter. Osaic Holdings Inc. raised its holdings in shares of First Trust Income Opportunities ETF by 36.1% during the second quarter. Osaic Holdings Inc. now owns 40,618 shares of the company’s stock valued at $911,000 after acquiring an additional 10,763 shares during the period. Boyce & Associates Wealth Consulting Inc. boosted its stake in First Trust Income Opportunities ETF by 1.1% in the 4th quarter. Boyce & Associates Wealth Consulting Inc. now owns 60,686 shares of the company’s stock worth $1,394,000 after purchasing an additional 682 shares during the period. Finally, Capital Investment Advisory Services LLC boosted its stake in First Trust Income Opportunities ETF by 2.8% in the 4th quarter. Capital Investment Advisory Services LLC now owns 457,362 shares of the company’s stock worth $10,506,000 after purchasing an additional 12,463 shares during the period.

About First Trust Income Opportunities ETF

The First Trust Income Opportunity ETF (FCEF) is an exchange-traded fund that is based on the S-Network Composite Closed-End Fund index. The fund is an actively managed ETF that holds closed-end funds to get exposure to US and non-US equity, fixed income securities, and commodities. The fund’s primary objective is to provide current income. FCEF was launched on Sep 27, 2016 and is managed by First Trust.