First Trust Income Opportunities ETF (NASDAQ:FCEF) Short Interest Update

First Trust Income Opportunities ETF (NASDAQ:FCEF) saw a large decline in short interest in May. As of May 15th, there was short interest totaling 22,051 shares, a decline of 45.6% from the April 30th total of 40,527 shares. Based on an average daily trading volume, of 18,023 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.7% of the shares of the stock are sold short.

Institutional Trading of First Trust Income Opportunities ETF

Several hedge funds have recently bought and sold shares of FCEF. Commonwealth Equity Services LLC lifted its stake in First Trust Income Opportunities ETF by 58.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 56,788 shares of the company’s stock worth $1,304,000 after purchasing an additional 21,030 shares in the last quarter. Aurora Private Wealth Inc. purchased a new stake in First Trust Income Opportunities ETF in the 4th quarter worth $469,000. Smith Moore & CO. lifted its stake in First Trust Income Opportunities ETF by 153.0% in the 4th quarter. Smith Moore & CO. now owns 30,175 shares of the company’s stock worth $693,000 after purchasing an additional 18,250 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in First Trust Income Opportunities ETF in the 4th quarter worth $414,000. Finally, Harbour Investments Inc. lifted its stake in First Trust Income Opportunities ETF by 104.9% in the 4th quarter. Harbour Investments Inc. now owns 32,210 shares of the company’s stock worth $740,000 after purchasing an additional 16,490 shares in the last quarter.

First Trust Income Opportunities ETF Stock Performance

FCEF opened at $24.01 on Monday. First Trust Income Opportunities ETF has a fifty-two week low of $21.60 and a fifty-two week high of $24.07. The firm’s fifty day moving average is $23.27 and its 200 day moving average is $23.18. The stock has a market cap of $75.63 million, a price-to-earnings ratio of 19.88 and a beta of 0.78.

First Trust Income Opportunities ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, May 29th. Shareholders of record on Tuesday, May 12th were paid a $0.1375 dividend. The ex-dividend date was Tuesday, May 12th.

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.