First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) Stock Short Interest Rises 167.0%

First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 65,212 shares, a growth of 167.0% from the September 30th total of 24,421 shares. Based on an average trading volume of 272,057 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the shares of the stock are sold short.

First Trust Structured Credit Income Opportunities ETF Stock Up 0.2%

SCIO opened at $20.16 on Friday. The firm has a market cap of $549.36 million, a PE ratio of -266.25 and a beta of 0.09. The business has a fifty day simple moving average of $20.19 and a 200-day simple moving average of $20.57. First Trust Structured Credit Income Opportunities ETF has a fifty-two week low of $19.89 and a fifty-two week high of $21.69.

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

Hedge funds have recently modified their holdings of the stock. Kestra Advisory Services LLC boosted its position in First Trust Structured Credit Income Opportunities ETF by 2,317.8% during the 1st quarter. Kestra Advisory Services LLC now owns 568,187 shares of the company’s stock worth $11,727,000 after acquiring an additional 544,687 shares during the period. Royal Bank of Canada purchased a new position in First Trust Structured Credit Income Opportunities ETF during the 1st quarter valued at about $8,006,000. First Heartland Consultants Inc. acquired a new position in shares of First Trust Structured Credit Income Opportunities ETF in the 3rd quarter valued at about $7,337,000. Beaumont Financial Advisors LLC acquired a new position in shares of First Trust Structured Credit Income Opportunities ETF in the 1st quarter valued at about $7,243,000. Finally, First Trust Advisors LP increased its holdings in shares of First Trust Structured Credit Income Opportunities ETF by 497.2% in the 1st quarter. First Trust Advisors LP now owns 251,837 shares of the company’s stock valued at $5,198,000 after purchasing an additional 209,664 shares during the period. 0.83% of the stock is owned by hedge funds and other institutional investors.

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.