First Trust Income Opportunities ETF (NASDAQ:FCEF) Short Interest Up 95.3% in June

First Trust Income Opportunities ETF (NASDAQ:FCEF) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totaling 41,810 shares, an increase of 95.3% from the May 31st total of 21,412 shares. Based on an average daily volume of 23,493 shares, the short-interest ratio is presently 1.8 days. Approximately 1.3% of the company’s stock are short sold.

Institutional Trading of First Trust Income Opportunities ETF

A number of large investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC boosted its stake in First Trust Income Opportunities ETF by 430.6% in the 1st quarter. NewEdge Advisors LLC now owns 13,795 shares of the company’s stock worth $310,000 after purchasing an additional 11,195 shares during the period. Western Wealth Management LLC acquired a new stake in First Trust Income Opportunities ETF in the first quarter valued at approximately $51,000. Cetera Investment Advisers boosted its holdings in First Trust Income Opportunities ETF by 14.4% in the first quarter. Cetera Investment Advisers now owns 47,416 shares of the company’s stock worth $1,067,000 after purchasing an additional 5,977 shares in the last quarter. Kestra Advisory Services LLC increased its holdings in shares of First Trust Income Opportunities ETF by 126.4% during the 1st quarter. Kestra Advisory Services LLC now owns 10,019 shares of the company’s stock valued at $225,000 after acquiring an additional 5,594 shares during the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in shares of First Trust Income Opportunities ETF in the first quarter valued at approximately $234,000.

First Trust Income Opportunities ETF Stock Performance

Shares of FCEF stock opened at $24.01 on Friday. The stock has a market capitalization of $79.47 million, a price-to-earnings ratio of 19.88 and a beta of 0.77. First Trust Income Opportunities ETF has a one year low of $21.95 and a one year high of $24.09. The company’s 50-day simple moving average is $23.69 and its 200-day simple moving average is $23.34.

First Trust Income Opportunities ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 11th were paid a dividend of $0.1375 per share. The ex-dividend date was Thursday, June 11th.

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.