First Trust SSI Strategic Convertible Securities ETF (NASDAQ:FCVT) Short Interest Up 619.0% in April

First Trust SSI Strategic Convertible Securities ETF (NASDAQ:FCVT) saw a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 4,616 shares, an increase of 619.0% from the April 15th total of 642 shares. Based on an average daily volume of 18,574 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the company’s stock are short sold.

First Trust SSI Strategic Convertible Securities ETF Trading Up 1.5%

Shares of NASDAQ:FCVT traded up $0.79 during trading hours on Wednesday, reaching $52.33. The stock had a trading volume of 18,402 shares, compared to its average volume of 29,559. First Trust SSI Strategic Convertible Securities ETF has a 1 year low of $36.43 and a 1 year high of $52.52. The firm’s 50 day moving average is $47.02 and its 200-day moving average is $45.35.

First Trust SSI Strategic Convertible Securities ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Thursday, April 30th. Shareholders of record on Tuesday, April 21st were given a $0.045 dividend. The ex-dividend date of this dividend was Tuesday, April 21st. This represents a c) dividend on an annualized basis and a dividend yield of 1.0%.

Institutional Investors Weigh In On First Trust SSI Strategic Convertible Securities ETF

A number of large investors have recently modified their holdings of FCVT. Concurrent Investment Advisors LLC increased its position in shares of First Trust SSI Strategic Convertible Securities ETF by 112.0% in the 4th quarter. Concurrent Investment Advisors LLC now owns 347,194 shares of the company’s stock valued at $14,941,000 after purchasing an additional 183,410 shares during the last quarter. Jane Street Group LLC increased its position in shares of First Trust SSI Strategic Convertible Securities ETF by 645.7% in the 2nd quarter. Jane Street Group LLC now owns 133,299 shares of the company’s stock valued at $5,173,000 after purchasing an additional 115,423 shares during the last quarter. Private Advisory Group LLC purchased a new position in shares of First Trust SSI Strategic Convertible Securities ETF in the 4th quarter valued at $3,730,000. Royal Bank of Canada grew its position in shares of First Trust SSI Strategic Convertible Securities ETF by 49.9% in the 4th quarter. Royal Bank of Canada now owns 88,861 shares of the company’s stock valued at $3,824,000 after buying an additional 29,590 shares during the last quarter. Finally, Plus Group Wealth Advisors LLC purchased a new position in shares of First Trust SSI Strategic Convertible Securities ETF in the 4th quarter valued at $1,116,000.

First Trust SSI Strategic Convertible Securities ETF Company Profile

The First Trust SSI Strategic Convertible Securities ETF (FCVT) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund of convertible securities from within and outside the US. FCVT was launched on Nov 4, 2015 and is managed by First Trust.