First Trust Income Opportunities ETF (NASDAQ:FCEF) Sees Significant Growth in Short Interest

First Trust Income Opportunities ETF (NASDAQ:FCEF) was the recipient of a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 19,000 shares, a growth of 47.3% from the September 30th total of 12,900 shares. Based on an average daily volume of 7,100 shares, the days-to-cover ratio is currently 2.7 days.

First Trust Income Opportunities ETF Stock Down 0.6 %

NASDAQ FCEF traded down $0.13 during trading on Tuesday, hitting $21.96. The stock had a trading volume of 2,534 shares, compared to its average volume of 6,472. The company has a market capitalization of $39.53 million, a PE ratio of 17.57 and a beta of 0.95. The firm has a 50 day moving average price of $22.02 and a 200 day moving average price of $21.29. First Trust Income Opportunities ETF has a twelve month low of $17.70 and a twelve month high of $22.36.

First Trust Income Opportunities ETF Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 11th will be given a $0.135 dividend. This represents a $1.62 annualized dividend and a yield of 7.38%. The ex-dividend date is Friday, October 11th.

Hedge Funds Weigh In On First Trust Income Opportunities ETF

Institutional investors have recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. grew its position in First Trust Income Opportunities ETF by 12.8% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 67,271 shares of the company’s stock valued at $1,416,000 after acquiring an additional 7,611 shares in the last quarter. Concourse Financial Group Securities Inc. boosted its stake in shares of 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 valued at $150,000 after buying an additional 750 shares during the period. Raymond James & Associates boosted its stake in shares of 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 valued at $2,300,000 after buying 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% in 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, Arkadios Wealth Advisors purchased a new position in shares of First Trust Income Opportunities ETF in the 3rd quarter valued at about $213,000.

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.