Short Interest in First Trust Income Opportunities ETF (NASDAQ:FCEF) Decreases By 30.1%

First Trust Income Opportunities ETF (NASDAQ:FCEF) was the recipient of a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 10,200 shares, a decline of 30.1% from the February 28th total of 14,600 shares. Based on an average daily volume of 8,500 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.5% of the company’s shares are short sold.

Institutional Trading of First Trust Income Opportunities ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Aurora Private Wealth Inc. grew its stake in shares of 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 purchasing an additional 1,864 shares during the period. Commonwealth Equity Services LLC boosted its holdings in 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 buying an additional 9,888 shares during the last quarter. Boyce & Associates Wealth Consulting Inc. grew its position in shares of First Trust Income Opportunities ETF by 75.9% during the 4th quarter. Boyce & Associates Wealth Consulting Inc. now owns 25,098 shares of the company’s stock worth $542,000 after buying an additional 10,826 shares during the period. LPL Financial LLC increased its stake in shares of First Trust Income Opportunities ETF by 7.9% in the 4th quarter. LPL Financial LLC now owns 157,699 shares of the company’s stock valued at $3,408,000 after acquiring an additional 11,558 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of First Trust Income Opportunities ETF in the 4th quarter valued at approximately $2,715,000.

First Trust Income Opportunities ETF Stock Performance

First Trust Income Opportunities ETF stock traded down $0.03 during trading hours on Tuesday, reaching $21.66. 3,625 shares of the company’s stock traded hands, compared to its average volume of 9,129. The firm has a market capitalization of $41.16 million, a price-to-earnings ratio of 21.51 and a beta of 0.95. First Trust Income Opportunities ETF has a fifty-two week low of $19.61 and a fifty-two week high of $22.64. The firm’s 50 day moving average is $21.97 and its 200-day moving average is $22.01.

First Trust Income Opportunities ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 11th were issued a $0.135 dividend. The ex-dividend date was Tuesday, March 11th.

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.