First Trust SSI Strategic Convertible Securities ETF (NASDAQ:FCVT) Short Interest Update

First Trust SSI Strategic Convertible Securities ETF (NASDAQ:FCVT) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 5,051 shares, an increase of 109.5% from the June 15th total of 2,411 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 17,832 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of First Trust SSI Strategic Convertible Securities ETF

A number of large investors have recently bought and sold shares of the stock. Caldwell Trust Co acquired a new stake in shares of First Trust SSI Strategic Convertible Securities ETF in the 4th quarter valued at $28,000. Rockefeller Capital Management L.P. boosted its position in First Trust SSI Strategic Convertible Securities ETF by 97.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 689 shares of the company’s stock valued at $30,000 after buying an additional 340 shares in the last quarter. Western Wealth Management LLC bought a new stake in First Trust SSI Strategic Convertible Securities ETF during the first quarter worth about $35,000. Merkkuri Wealth Advisors LLC bought a new stake in First Trust SSI Strategic Convertible Securities ETF during the first quarter worth about $52,000. Finally, Advisory Services Network LLC bought a new stake in First Trust SSI Strategic Convertible Securities ETF during the third quarter worth about $78,000.

First Trust SSI Strategic Convertible Securities ETF Stock Performance

NASDAQ:FCVT traded down $0.08 during mid-day trading on Friday, hitting $49.25. The company’s stock had a trading volume of 33,020 shares, compared to its average volume of 26,338. First Trust SSI Strategic Convertible Securities ETF has a fifty-two week low of $38.97 and a fifty-two week high of $54.90. The stock has a fifty day moving average of $52.30 and a 200-day moving average of $48.25.

First Trust SSI Strategic Convertible Securities ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a dividend of $0.045 per share. This represents a c) annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Thursday, June 25th.

About First Trust SSI Strategic Convertible Securities ETF

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.