First Trust SSI Strategic Convertible Securities ETF (NASDAQ:FCVT) Short Interest Down 57.4% in May

First Trust SSI Strategic Convertible Securities ETF (NASDAQ:FCVT) was the recipient of a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 1,967 shares, a decrease of 57.4% from the April 30th total of 4,616 shares. Based on an average daily volume of 21,283 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are short sold.

First Trust SSI Strategic Convertible Securities ETF Stock Up 1.0%

NASDAQ FCVT traded up $0.52 during trading hours on Monday, hitting $53.73. The company had a trading volume of 44,529 shares, compared to its average volume of 28,740. The firm’s 50 day moving average is $48.68 and its 200 day moving average is $46.01. First Trust SSI Strategic Convertible Securities ETF has a fifty-two week low of $36.64 and a fifty-two week high of $54.13.

First Trust SSI Strategic Convertible Securities ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 21st were given a $0.045 dividend. The ex-dividend date of this dividend was Thursday, May 21st. This represents a c) annualized dividend and a dividend yield of 1.0%.

Institutional Investors Weigh In On First Trust SSI Strategic Convertible Securities ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Concurrent Investment Advisors LLC boosted its position in shares of First Trust SSI Strategic Convertible Securities ETF by 112.0% in the fourth quarter. Concurrent Investment Advisors LLC now owns 347,194 shares of the company’s stock worth $14,941,000 after buying an additional 183,410 shares during the period. Jane Street Group LLC boosted its position in shares of First Trust SSI Strategic Convertible Securities ETF by 645.7% in the second quarter. Jane Street Group LLC now owns 133,299 shares of the company’s stock worth $5,173,000 after buying an additional 115,423 shares during the period. Raymond James Financial Inc. boosted its position in shares of First Trust SSI Strategic Convertible Securities ETF by 3.3% in the third quarter. Raymond James Financial Inc. now owns 89,532 shares of the company’s stock worth $3,829,000 after buying an additional 2,844 shares during the period. Royal Bank of Canada boosted its position in shares of First Trust SSI Strategic Convertible Securities ETF by 49.9% in the fourth quarter. Royal Bank of Canada now owns 88,861 shares of the company’s stock worth $3,824,000 after buying an additional 29,590 shares during the period. Finally, Private Advisory Group LLC purchased a new stake in shares of First Trust SSI Strategic Convertible Securities ETF in the fourth quarter worth about $3,730,000.

First Trust SSI Strategic Convertible Securities ETF Company Profile

The First Trust SSI Strategic Convertible Securities ETF (FCVT) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund of convertible securities from within and outside the US. FCVT was launched on Nov 4, 2015 and is managed by First Trust.