First Trust Senior Floating Rate Income Fund II (NYSE:FCT) Short Interest Update

First Trust Senior Floating Rate Income Fund II (NYSE:FCT) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 42,700 shares, a growth of 24.5% from the November 30th total of 34,300 shares. Based on an average daily trading volume, of 112,100 shares, the days-to-cover ratio is presently 0.4 days.

First Trust Senior Floating Rate Income Fund II Stock Down 1.1 %

FCT traded down $0.11 on Tuesday, reaching $10.36. The stock had a trading volume of 60,838 shares, compared to its average volume of 124,239. The business’s 50-day moving average price is $10.36 and its two-hundred day moving average price is $10.30. First Trust Senior Floating Rate Income Fund II has a 12-month low of $9.70 and a 12-month high of $10.93.

First Trust Senior Floating Rate Income Fund II Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be given a $0.097 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $1.16 annualized dividend and a dividend yield of 11.24%.

Insider Activity

In other First Trust Senior Floating Rate Income Fund II news, insider James A. Bowen sold 3,955 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $10.41, for a total transaction of $41,171.55. The sale was disclosed in a filing with the SEC, which is available through this link.

Institutional Trading of First Trust Senior Floating Rate Income Fund II

Several large investors have recently made changes to their positions in FCT. Kovitz Investment Group Partners LLC purchased a new position in First Trust Senior Floating Rate Income Fund II in the third quarter worth approximately $3,636,000. Penserra Capital Management LLC purchased a new stake in First Trust Senior Floating Rate Income Fund II during the 3rd quarter worth about $7,637,000. Advisors Asset Management Inc. increased its stake in shares of First Trust Senior Floating Rate Income Fund II by 20.4% during the third quarter. Advisors Asset Management Inc. now owns 449,632 shares of the investment management company’s stock worth $4,658,000 after buying an additional 76,268 shares during the period. Avior Wealth Management LLC raised its holdings in shares of First Trust Senior Floating Rate Income Fund II by 647.8% in the 3rd quarter. Avior Wealth Management LLC now owns 6,349 shares of the investment management company’s stock valued at $66,000 after purchasing an additional 5,500 shares in the last quarter. Finally, Pathstone Holdings LLC raised its stake in First Trust Senior Floating Rate Income Fund II by 522.4% in the third quarter. Pathstone Holdings LLC now owns 494,547 shares of the investment management company’s stock valued at $5,124,000 after buying an additional 415,084 shares in the last quarter.

First Trust Senior Floating Rate Income Fund II Company Profile

First Trust Senior Floating Rate Income Fund II is a closed-ended fixed income mutual fund launched and managed by First Trust Advisors L.P. The fund invests in the fixed income markets of the United States. It seeks to invest in a portfolio of senior secured floating rate corporate loans. The fund benchmarks the performance of its portfolio against the S&P/LSTA Leveraged Loan Index.