First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) Hits New 12-Month Low – What’s Next?

First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) reached a new 52-week low during trading on Thursday . The stock traded as low as $20.40 and last traded at $20.4150, with a volume of 4185 shares trading hands. The stock had previously closed at $20.46.

First Trust Structured Credit Income Opportunities ETF Price Performance

The business’s 50-day moving average is $20.55 and its two-hundred day moving average is $20.64. The firm has a market cap of $498.33 million, a P/E ratio of -268.63 and a beta of 0.07.

Institutional Investors Weigh In On First Trust Structured Credit Income Opportunities ETF

A number of large investors have recently added to or reduced their stakes in SCIO. First Trust Advisors LP increased its position in First Trust Structured Credit Income Opportunities ETF by 45.0% during the 2nd quarter. First Trust Advisors LP now owns 39,091 shares of the company’s stock worth $808,000 after buying an additional 12,135 shares during the period. Snowden Capital Advisors LLC bought a new stake in shares of First Trust Structured Credit Income Opportunities ETF in the second quarter valued at about $1,687,000. Osaic Holdings Inc. acquired a new position in shares of First Trust Structured Credit Income Opportunities ETF in the second quarter valued at about $25,000. Citadel Advisors LLC acquired a new position in shares of First Trust Structured Credit Income Opportunities ETF in the third quarter valued at about $533,000. Finally, IFP Advisors Inc bought a new position in First Trust Structured Credit Income Opportunities ETF during the third quarter worth about $44,000. Institutional investors own 0.83% of the company’s stock.

First Trust Structured Credit Income Opportunities ETF Company Profile

The First Trust Structured Credit Income Opportunities ETF (SCIO) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seeking to maximize long-term income by holding intermediate-term structured credit investments such as RMBS, CMBS, CLOs, and ABS. Securities are of any credit quality. SCIO was launched on Feb 27, 2024 and is issued by First Trust.