Short Interest in First Trust Income Opportunities ETF (NASDAQ:FCEF) Increases By 143.4%

First Trust Income Opportunities ETF (NASDAQ:FCEF) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 12,900 shares, a growth of 143.4% from the September 15th total of 5,300 shares. Based on an average daily volume of 7,500 shares, the days-to-cover ratio is presently 1.7 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. grew its position in First Trust Income Opportunities ETF by 12.8% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 67,271 shares of the company’s stock worth $1,416,000 after buying an additional 7,611 shares during the last quarter. Concourse Financial Group Securities Inc. boosted its stake in First Trust Income Opportunities ETF by 11.5% in the 1st quarter. Concourse Financial Group Securities Inc. now owns 7,258 shares of the company’s stock worth $150,000 after purchasing an additional 750 shares during the period. Raymond James & Associates boosted its stake in First Trust Income Opportunities ETF by 8.9% in the 2nd quarter. Raymond James & Associates now owns 109,265 shares of the company’s stock worth $2,300,000 after purchasing an additional 8,901 shares during the period. Boyce & Associates Wealth Consulting Inc. boosted its stake in shares of First Trust Income Opportunities ETF by 11.3% during the 3rd quarter. Boyce & Associates Wealth Consulting Inc. now owns 14,272 shares of the company’s stock valued at $318,000 after buying an additional 1,449 shares during the period. Finally, Aurora Private Wealth Inc. boosted its stake in shares of First Trust Income Opportunities ETF by 24.0% during the 2nd quarter. Aurora Private Wealth Inc. now owns 12,903 shares of the company’s stock valued at $272,000 after buying an additional 2,495 shares during the period.

First Trust Income Opportunities ETF Price Performance

Shares of NASDAQ FCEF traded down $0.11 during mid-day trading on Friday, reaching $22.18. 8,842 shares of the company traded hands, compared to its average volume of 6,626. First Trust Income Opportunities ETF has a fifty-two week low of $17.62 and a fifty-two week high of $22.33. The firm has a market cap of $39.92 million, a PE ratio of 17.57 and a beta of 0.95. The stock has a fifty day simple moving average of $21.79 and a 200-day simple moving average of $21.14.

First Trust Income Opportunities ETF Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 11th will be paid a dividend of $0.135 per share. The ex-dividend date of this dividend is Friday, October 11th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 7.30%.

First Trust Income Opportunities ETF Company Profile

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.