First Trust Income Opportunities ETF (NASDAQ:FCEF) Short Interest Down 35.0% in February

First Trust Income Opportunities ETF (NASDAQ:FCEF) was the target of a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 12,800 shares, a decrease of 35.0% from the January 31st total of 19,700 shares. Based on an average daily trading volume, of 8,800 shares, the short-interest ratio is currently 1.5 days.

First Trust Income Opportunities ETF Stock Down 0.5 %

Shares of FCEF stock traded down $0.12 on Tuesday, reaching $21.86. 4,284 shares of the stock were exchanged, compared to its average volume of 10,258. The stock has a market cap of $42.85 million, a P/E ratio of 20.48 and a beta of 0.94. The firm has a 50 day moving average of $21.99 and a two-hundred day moving average of $22.02. First Trust Income Opportunities ETF has a 1-year low of $19.61 and a 1-year high of $22.64.

First Trust Income Opportunities ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 11th were issued a dividend of $0.135 per share. The ex-dividend date was Tuesday, February 11th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Aurora Private Wealth Inc. increased its holdings in First Trust Income Opportunities ETF by 14.2% in the fourth quarter. Aurora Private Wealth Inc. now owns 15,001 shares of the company’s stock valued at $324,000 after buying an additional 1,864 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in First Trust Income Opportunities ETF by 108.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 19,026 shares of the company’s stock valued at $411,000 after acquiring an additional 9,888 shares during the period. Boyce & Associates Wealth Consulting Inc. boosted its stake in First Trust Income Opportunities ETF by 75.9% in the fourth quarter. Boyce & Associates Wealth Consulting Inc. now owns 25,098 shares of the company’s stock valued at $542,000 after acquiring an additional 10,826 shares during the period. Proactive Wealth Strategies LLC acquired a new position in First Trust Income Opportunities ETF in the third quarter valued at approximately $636,000. Finally, Raymond James Financial Inc. acquired a new position in First Trust Income Opportunities ETF in the fourth quarter valued at approximately $2,715,000.

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.