Short Interest in First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) Declines By 68.9%

First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) was the target of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 72,426 shares, a drop of 68.9% from the June 30th total of 232,636 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 180,442 shares, the days-to-cover ratio is presently 0.4 days.

First Trust Structured Credit Income Opportunities ETF Trading Up 0.1%

SCIO stock opened at $20.46 on Friday. First Trust Structured Credit Income Opportunities ETF has a 1-year low of $20.40 and a 1-year high of $21.69. The firm has a market cap of $487.97 million, a PE ratio of -270.22 and a beta of 0.07. The business’s 50-day moving average price is $20.62 and its two-hundred day moving average price is $20.73.

Hedge Funds Weigh In On First Trust Structured Credit Income Opportunities ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Ferguson Shapiro LLC raised its holdings in First Trust Structured Credit Income Opportunities ETF by 16.0% during the 2nd quarter. Ferguson Shapiro LLC now owns 972,151 shares of the company’s stock worth $20,094,000 after buying an additional 134,283 shares during the period. Dynamic Advisor Solutions LLC boosted its holdings in shares of First Trust Structured Credit Income Opportunities ETF by 56.6% in the second quarter. Dynamic Advisor Solutions LLC now owns 124,433 shares of the company’s stock valued at $2,572,000 after buying an additional 44,965 shares during the period. CoreCap Advisors LLC acquired a new position in shares of First Trust Structured Credit Income Opportunities ETF in the second quarter valued at approximately $3,036,000. Noble Wealth Management PBC bought a new stake in shares of First Trust Structured Credit Income Opportunities ETF during the second quarter worth $98,000. Finally, NewEdge Advisors LLC bought a new stake in shares of First Trust Structured Credit Income Opportunities ETF during the first quarter worth $528,000. 0.83% of the stock is currently owned by institutional investors and hedge funds.

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.