Short Interest in First Trust Senior Floating Rate Income Fund II (NYSE:FCT) Declines By 19.3%

First Trust Senior Floating Rate Income Fund II (NYSE:FCT) was the recipient of a significant decline in short interest in December. As of December 31st, there was short interest totaling 39,646 shares, a decline of 19.3% from the December 15th total of 49,124 shares. Based on an average trading volume of 164,318 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 164,318 shares, the days-to-cover ratio is currently 0.2 days.

First Trust Senior Floating Rate Income Fund II Stock Up 0.6%

Shares of FCT stock traded up $0.06 on Monday, reaching $10.04. The company had a trading volume of 307,191 shares, compared to its average volume of 144,272. The business’s 50-day moving average is $9.80 and its 200 day moving average is $9.92. First Trust Senior Floating Rate Income Fund II has a one year low of $8.61 and a one year high of $10.49.

First Trust Senior Floating Rate Income Fund II Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Thursday, January 15th. Shareholders of record on Friday, January 2nd were given a $0.097 dividend. The ex-dividend date was Friday, January 2nd. This represents a c) dividend on an annualized basis and a yield of 11.6%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Accredited Investor Services LLC bought a new stake in First Trust Senior Floating Rate Income Fund II during the 2nd quarter worth $103,000. Alteri Wealth LLC acquired a new stake in shares of First Trust Senior Floating Rate Income Fund II during the third quarter valued at about $104,000. Tactive Advisors LLC bought a new stake in shares of First Trust Senior Floating Rate Income Fund II during the second quarter worth about $114,000. Jane Street Group LLC acquired a new position in shares of First Trust Senior Floating Rate Income Fund II in the second quarter valued at approximately $144,000. Finally, Seven Mile Advisory bought a new position in First Trust Senior Floating Rate Income Fund II in the 3rd quarter valued at approximately $176,000.

About First Trust Senior Floating Rate Income Fund II

First Trust Senior Floating Rate Income Fund II (NYSE: FCT) is a diversified, closed-end management investment company that seeks to provide current income with preservation of capital. Listed on the New York Stock Exchange, the fund pursues its objective by investing primarily in senior floating rate loans and other floating rate debt instruments of U.S. and non-U.S. companies. As a closed-end vehicle, FCT issues a fixed number of common shares and may utilize leverage to enhance returns for shareholders.

Under normal market conditions, FCT allocates at least 80% of its managed assets to senior floating rate loans, which are typically secured obligations of corporate borrowers.