First Trust Income Opportunities ETF (NASDAQ:FCEF) Short Interest Up 47.3% in October

First Trust Income Opportunities ETF (NASDAQ:FCEF) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 19,000 shares, an increase of 47.3% from the September 30th total of 12,900 shares. Based on an average trading volume of 7,100 shares, the short-interest ratio is presently 2.7 days.

First Trust Income Opportunities ETF Stock Performance

First Trust Income Opportunities ETF stock traded down $0.15 during mid-day trading on Tuesday, reaching $21.94. 2,534 shares of the company were exchanged, compared to its average volume of 6,472. The firm’s 50-day simple moving average is $22.02 and its two-hundred day simple moving average is $21.29. First Trust Income Opportunities ETF has a twelve month low of $17.70 and a twelve month high of $22.36. The firm has a market cap of $39.49 million, a PE ratio of 17.57 and a beta of 0.95.

First Trust Income Opportunities ETF Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 11th will be paid a $0.135 dividend. The ex-dividend date is Friday, October 11th. This represents a $1.62 annualized dividend and a yield of 7.38%.

Institutional Trading of First Trust Income Opportunities ETF

Hedge funds have recently made changes to their positions in the company. Raymond James & Associates lifted its position in First Trust Income Opportunities ETF by 8.9% in the second quarter. Raymond James & Associates now owns 109,265 shares of the company’s stock valued at $2,300,000 after purchasing an additional 8,901 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in First Trust Income Opportunities ETF by 12.8% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 67,271 shares of the company’s stock worth $1,416,000 after acquiring an additional 7,611 shares during the period. Boyce & Associates Wealth Consulting Inc. raised its position in First Trust Income Opportunities ETF by 11.3% in the third quarter. Boyce & Associates Wealth Consulting Inc. now owns 14,272 shares of the company’s stock worth $318,000 after acquiring an additional 1,449 shares in the last quarter. Aurora Private Wealth Inc. lifted its holdings in First Trust Income Opportunities ETF by 24.0% in the second quarter. Aurora Private Wealth Inc. now owns 12,903 shares of the company’s stock valued at $272,000 after acquiring an additional 2,495 shares during the period. Finally, Arkadios Wealth Advisors purchased a new stake in shares of First Trust Income Opportunities ETF during the 3rd quarter worth $213,000.

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.