Short Interest in First Trust Income Opportunities ETF (NASDAQ:FCEF) Decreases By 7.9%

First Trust Income Opportunities ETF (NASDAQ:FCEF) was the target of a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 19,700 shares, a decline of 7.9% from the January 15th total of 21,400 shares. Based on an average daily volume of 9,100 shares, the short-interest ratio is presently 2.2 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Arkadios Wealth Advisors acquired a new position in First Trust Income Opportunities ETF during the 3rd quarter worth $213,000. Aurora Private Wealth Inc. lifted its position in First Trust Income Opportunities ETF by 14.2% during the 4th quarter. Aurora Private Wealth Inc. now owns 15,001 shares of the company’s stock worth $324,000 after acquiring an additional 1,864 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in First Trust Income Opportunities ETF by 108.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 19,026 shares of the company’s stock worth $411,000 after acquiring an additional 9,888 shares during the last quarter. Boyce & Associates Wealth Consulting Inc. lifted its position in First Trust Income Opportunities ETF by 75.9% during the 4th quarter. Boyce & Associates Wealth Consulting Inc. now owns 25,098 shares of the company’s stock worth $542,000 after acquiring an additional 10,826 shares during the last quarter. Finally, Proactive Wealth Strategies LLC acquired a new position in First Trust Income Opportunities ETF during the 3rd quarter worth $636,000.

First Trust Income Opportunities ETF Price Performance

Shares of FCEF stock traded up $0.07 on Monday, hitting $22.24. The company’s stock had a trading volume of 5,647 shares, compared to its average volume of 11,388. First Trust Income Opportunities ETF has a fifty-two week low of $19.61 and a fifty-two week high of $22.64. The firm’s fifty day moving average price is $21.93 and its 200-day moving average price is $21.95. The stock has a market capitalization of $42.26 million, a price-to-earnings ratio of 17.57 and a beta of 0.95.

First Trust Income Opportunities ETF Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 11th will be paid a $0.135 dividend. The ex-dividend date is Tuesday, February 11th.

About First Trust Income Opportunities ETF

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.