Short Interest in First Trust Income Opportunities ETF (NASDAQ:FCEF) Rises By 352.6%

First Trust Income Opportunities ETF (NASDAQ:FCEF) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totalling 17,200 shares, a growth of 352.6% from the May 31st total of 3,800 shares. Based on an average daily volume of 5,600 shares, the short-interest ratio is currently 3.1 days.

First Trust Income Opportunities ETF Stock Up 0.5 %

FCEF stock traded up $0.11 during trading on Thursday, hitting $20.99. The company had a trading volume of 3,625 shares, compared to its average volume of 6,077. The firm has a 50-day moving average price of $20.68 and a 200-day moving average price of $20.26. First Trust Income Opportunities ETF has a 12 month low of $17.62 and a 12 month high of $21.23. The stock has a market cap of $32.53 million, a price-to-earnings ratio of 17.57 and a beta of 0.95.

First Trust Income Opportunities ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Tuesday, June 11th will be given a $0.125 dividend. This represents a $1.50 annualized dividend and a yield of 7.15%. The ex-dividend date is Tuesday, June 11th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FCEF. Concourse Financial Group Securities Inc. grew its holdings in First Trust Income Opportunities ETF by 11.5% during the 1st quarter. Concourse Financial Group Securities Inc. now owns 7,258 shares of the company’s stock worth $150,000 after acquiring an additional 750 shares during the period. Aurora Private Wealth Inc. acquired a new stake in First Trust Income Opportunities ETF during the 4th quarter worth $201,000. Raymond James Financial Services Advisors Inc. acquired a new stake in First Trust Income Opportunities ETF during the 4th quarter worth $379,000. Finally, Capital Investment Advisory Services LLC grew its holdings in First Trust Income Opportunities ETF by 7.8% during the 1st quarter. Capital Investment Advisory Services LLC now owns 410,924 shares of the company’s stock worth $8,514,000 after acquiring an additional 29,603 shares during the period.

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.