First Trust Specialty Finance and Financial Opportunities Fund (NYSE:FGB) Sees Large Drop in Short Interest

First Trust Specialty Finance and Financial Opportunities Fund (NYSE:FGB) saw a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 5,200 shares, a decline of 38.1% from the January 31st total of 8,400 shares. Based on an average daily volume of 36,900 shares, the days-to-cover ratio is presently 0.1 days.

First Trust Specialty Finance and Financial Opportunities Fund Stock Up 0.8 %

NYSE FGB traded up $0.04 on Monday, hitting $4.45. 36,858 shares of the company were exchanged, compared to its average volume of 48,973. First Trust Specialty Finance and Financial Opportunities Fund has a 12 month low of $3.49 and a 12 month high of $4.64. The stock has a fifty day moving average of $4.38 and a 200-day moving average of $4.20.

First Trust Specialty Finance and Financial Opportunities Fund Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 24th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 9.00%. The ex-dividend date was Monday, February 24th.

Institutional Trading of First Trust Specialty Finance and Financial Opportunities Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Sit Investment Associates Inc. lifted its holdings in First Trust Specialty Finance and Financial Opportunities Fund by 255.1% during the fourth quarter. Sit Investment Associates Inc. now owns 1,010,916 shares of the closed-end fund’s stock valued at $4,256,000 after purchasing an additional 726,220 shares during the last quarter. Rivernorth Capital Management LLC lifted its holdings in shares of First Trust Specialty Finance and Financial Opportunities Fund by 86.3% during the 3rd quarter. Rivernorth Capital Management LLC now owns 393,429 shares of the closed-end fund’s stock worth $1,601,000 after acquiring an additional 182,207 shares during the last quarter. Almitas Capital LLC boosted its holdings in shares of First Trust Specialty Finance and Financial Opportunities Fund by 18.8% in the 4th quarter. Almitas Capital LLC now owns 213,162 shares of the closed-end fund’s stock worth $897,000 after purchasing an additional 33,676 shares in the last quarter. CF Capital LLC bought a new position in shares of First Trust Specialty Finance and Financial Opportunities Fund during the 4th quarter valued at $756,000. Finally, Atomi Financial Group Inc. increased its holdings in shares of First Trust Specialty Finance and Financial Opportunities Fund by 6.4% in the fourth quarter. Atomi Financial Group Inc. now owns 114,888 shares of the closed-end fund’s stock worth $484,000 after buying an additional 6,890 shares during the period.

First Trust Specialty Finance and Financial Opportunities Fund Company Profile

First Trust Specialty Finance and Financial Opportunities Fund is a closed-ended equity mutual fund launched and managed by First Trust Advisors L.P. It is co-managed by Confluence Investment Management LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating in the specialty finance and other financial sectors.