Short Interest in First Trust Income Opportunities ETF (NASDAQ:FCEF) Decreases By 35.0%

First Trust Income Opportunities ETF (NASDAQ:FCEF) saw a large drop in short interest in February. As of February 15th, there was short interest totalling 12,800 shares, a drop of 35.0% from the January 31st total of 19,700 shares. Based on an average trading volume of 8,800 shares, the short-interest ratio is presently 1.5 days.

First Trust Income Opportunities ETF Stock Up 0.5 %

Shares of First Trust Income Opportunities ETF stock opened at $22.06 on Friday. The stock has a market cap of $41.91 million, a P/E ratio of 17.57 and a beta of 0.95. First Trust Income Opportunities ETF has a 12-month low of $19.61 and a 12-month high of $22.64. The business’s 50 day moving average is $21.98 and its 200-day moving average is $22.02.

First Trust Income Opportunities ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 11th were paid a $0.135 dividend. The ex-dividend date was Tuesday, February 11th.

Hedge Funds Weigh In On First Trust Income Opportunities ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Aurora Private Wealth Inc. lifted its position in First Trust Income Opportunities ETF by 14.2% during the fourth quarter. Aurora Private Wealth Inc. now owns 15,001 shares of the company’s stock worth $324,000 after acquiring an additional 1,864 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in shares of First Trust Income Opportunities ETF by 108.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 19,026 shares of the company’s stock worth $411,000 after purchasing an additional 9,888 shares during the period. Boyce & Associates Wealth Consulting Inc. increased its stake in shares of First Trust Income Opportunities ETF by 75.9% during the fourth quarter. Boyce & Associates Wealth Consulting Inc. now owns 25,098 shares of the company’s stock worth $542,000 after purchasing an additional 10,826 shares during the period. Proactive Wealth Strategies LLC acquired a new stake in First Trust Income Opportunities ETF during the 3rd quarter worth approximately $636,000. Finally, Raymond James Financial Inc. bought a new stake in First Trust Income Opportunities ETF in the 4th quarter valued at $2,715,000.

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.