First Trust Income Opportunities ETF (NASDAQ:FCEF) Short Interest Update

First Trust Income Opportunities ETF (NASDAQ:FCEF) saw a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 1,200 shares, a decrease of 92.4% from the February 29th total of 15,800 shares. Based on an average daily volume of 6,300 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of First Trust Income Opportunities ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Morgan Stanley grew its holdings in First Trust Income Opportunities ETF by 43.7% during the fourth quarter. Morgan Stanley now owns 1,850 shares of the company’s stock valued at $36,000 after purchasing an additional 563 shares during the period. Rockefeller Capital Management L.P. increased its position in shares of First Trust Income Opportunities ETF by 2,303.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 3,389 shares of the company’s stock valued at $65,000 after buying an additional 3,248 shares in the last quarter. Money Concepts Capital Corp acquired a new stake in First Trust Income Opportunities ETF during the 4th quarter worth $194,000. Advisor Group Holdings Inc. grew its stake in First Trust Income Opportunities ETF by 12.1% in the fourth quarter. Advisor Group Holdings Inc. now owns 10,120 shares of the company’s stock valued at $196,000 after acquiring an additional 1,093 shares during the period. Finally, Aurora Private Wealth Inc. acquired a new position in First Trust Income Opportunities ETF in the fourth quarter valued at about $201,000.

First Trust Income Opportunities ETF Trading Up 0.7 %

Shares of NASDAQ:FCEF traded up $0.14 during midday trading on Friday, hitting $20.72. The company had a trading volume of 8,851 shares, compared to its average volume of 6,561. The firm has a fifty day simple moving average of $20.18 and a 200 day simple moving average of $19.37. The stock has a market cap of $30.25 million, a price-to-earnings ratio of 16.94 and a beta of 0.95. First Trust Income Opportunities ETF has a 12 month low of $17.62 and a 12 month high of $20.72.

First Trust Income Opportunities ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Thursday, March 28th. Stockholders of record on Wednesday, March 13th were given a dividend of $0.125 per share. The ex-dividend date was Tuesday, March 12th. This represents a $1.50 annualized dividend and a dividend yield of 7.24%.

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.