First Trust Income Opportunities ETF (NASDAQ:FCEF) Short Interest Down 43.3% in February

First Trust Income Opportunities ETF (NASDAQ:FCEF) was the target of a large drop in short interest in February. As of February 27th, there was short interest totaling 22,231 shares, a drop of 43.3% from the February 12th total of 39,241 shares. Based on an average daily trading volume, of 20,519 shares, the short-interest ratio is presently 1.1 days. Currently, 0.8% of the company’s stock are sold short. Currently, 0.8% of the company’s stock are sold short. Based on an average daily trading volume, of 20,519 shares, the short-interest ratio is presently 1.1 days.

First Trust Income Opportunities ETF Stock Down 0.3%

Shares of First Trust Income Opportunities ETF stock traded down $0.07 on Friday, reaching $22.68. The stock had a trading volume of 35,732 shares, compared to its average volume of 21,715. The stock has a market capitalization of $66.91 million, a P/E ratio of 19.88 and a beta of 0.85. The company has a 50 day moving average price of $23.43 and a 200 day moving average price of $23.02. First Trust Income Opportunities ETF has a 1 year low of $18.85 and a 1 year high of $23.89.

First Trust Income Opportunities ETF Announces Dividend

The company also recently declared a dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 11th will be issued a $0.1375 dividend. The ex-dividend date of this dividend is Wednesday, March 11th.

Hedge Funds Weigh In On First Trust Income Opportunities ETF

Large investors have recently made changes to their positions in the business. GPS Wealth Strategies Group LLC boosted its position in shares of First Trust Income Opportunities ETF by 449.6% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 2,748 shares of the company’s stock worth $63,000 after purchasing an additional 2,248 shares in the last quarter. Ameritas Advisory Services LLC grew its stake in First Trust Income Opportunities ETF by 31.9% during the 3rd quarter. Ameritas Advisory Services LLC now owns 3,758 shares of the company’s stock worth $86,000 after buying an additional 908 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in First Trust Income Opportunities ETF during the 4th quarter valued at about $102,000. Envestnet Asset Management Inc. acquired a new position in First Trust Income Opportunities ETF during the 2nd quarter valued at about $256,000. Finally, Smith Moore & CO. purchased a new stake in First Trust Income Opportunities ETF in the third quarter valued at about $273,000.

First Trust Income Opportunities ETF Company Profile

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. FCEF was launched on Sep 27, 2016 and is managed by First Trust.