Short Interest in First Trust Income Opportunities ETF (NASDAQ:FCEF) Drops By 84.3%

First Trust Income Opportunities ETF (NASDAQ:FCEF) was the target of a large decrease in short interest in April. As of April 15th, there was short interest totalling 2,000 shares, a decrease of 84.3% from the March 31st total of 12,700 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 9,300 shares, the short-interest ratio is currently 0.2 days.

First Trust Income Opportunities ETF Stock Performance

FCEF traded up $0.06 during midday trading on Monday, hitting $21.00. The company had a trading volume of 2,295 shares, compared to its average volume of 7,713. First Trust Income Opportunities ETF has a twelve month low of $18.85 and a twelve month high of $22.64. The company has a market capitalization of $42.21 million, a PE ratio of 20.75 and a beta of 0.83. The firm’s 50-day simple moving average is $21.24 and its 200-day simple moving average is $21.77.

First Trust Income Opportunities ETF Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 11th will be given a $0.135 dividend. This represents a $1.62 annualized dividend and a yield of 7.71%. The ex-dividend date of this dividend is Friday, April 11th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Boyce & Associates Wealth Consulting Inc. boosted its holdings in First Trust Income Opportunities ETF by 75.9% in the fourth quarter. Boyce & Associates Wealth Consulting Inc. now owns 25,098 shares of the company’s stock valued at $542,000 after acquiring an additional 10,826 shares during the last quarter. Aurora Private Wealth Inc. grew its position in shares of First Trust Income Opportunities ETF by 14.2% during the 4th quarter. Aurora Private Wealth Inc. now owns 15,001 shares of the company’s stock worth $324,000 after buying an additional 1,864 shares during the period. Raymond James Financial Inc. bought a new stake in shares of First Trust Income Opportunities ETF during the fourth quarter worth approximately $2,715,000. Commonwealth Equity Services LLC boosted its stake in First Trust Income Opportunities ETF by 108.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 19,026 shares of the company’s stock valued at $411,000 after acquiring an additional 9,888 shares during the last quarter. Finally, LPL Financial LLC grew its holdings in First Trust Income Opportunities ETF by 7.9% during the 4th quarter. LPL Financial LLC now owns 157,699 shares of the company’s stock worth $3,408,000 after acquiring an additional 11,558 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.