First Trust Income Opportunities ETF (NASDAQ:FCEF) Short Interest Up 85.8% in February

First Trust Income Opportunities ETF (NASDAQ:FCEF) saw a significant growth in short interest in February. As of February 13th, there was short interest totaling 39,241 shares, a growth of 85.8% from the January 29th total of 21,119 shares. Based on an average daily trading volume, of 26,104 shares, the days-to-cover ratio is currently 1.5 days. Currently, 1.3% of the company’s shares are sold short. Currently, 1.3% of the company’s shares are sold short. Based on an average daily trading volume, of 26,104 shares, the days-to-cover ratio is currently 1.5 days.

First Trust Income Opportunities ETF Stock Down 0.4%

Shares of First Trust Income Opportunities ETF stock traded down $0.10 during trading on Friday, hitting $23.71. The stock had a trading volume of 4,351 shares, compared to its average volume of 22,822. First Trust Income Opportunities ETF has a 1 year low of $18.85 and a 1 year high of $23.88. The stock has a 50 day simple moving average of $23.37 and a 200 day simple moving average of $22.98. The company has a market capitalization of $69.95 million, a PE ratio of 19.88 and a beta of 0.85.

First Trust Income Opportunities ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Wednesday, February 11th were given a $0.135 dividend. This represents a c) annualized dividend and a dividend yield of 6.8%. The ex-dividend date of this dividend was Wednesday, February 11th.

Institutional Investors Weigh In On First Trust Income Opportunities ETF

Several hedge funds have recently bought and sold shares of the business. Boyce & Associates Wealth Consulting Inc. raised its holdings in shares of First Trust Income Opportunities ETF by 55.8% during the 3rd quarter. Boyce & Associates Wealth Consulting Inc. now owns 60,004 shares of the company’s stock valued at $1,373,000 after purchasing an additional 21,490 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in First Trust Income Opportunities ETF by 58.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 56,788 shares of the company’s stock valued at $1,304,000 after buying an additional 21,030 shares in the last quarter. Aurora Private Wealth Inc. bought a new position in First Trust Income Opportunities ETF during the fourth quarter valued at about $469,000. Smith Moore & CO. lifted its position in shares of First Trust Income Opportunities ETF by 153.0% in the fourth quarter. Smith Moore & CO. now owns 30,175 shares of the company’s stock worth $693,000 after buying an additional 18,250 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new stake in shares of First Trust Income Opportunities ETF during the 4th quarter worth about $414,000.

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.