Short Interest in First Trust Income Opportunities ETF (NASDAQ:FCEF) Rises By 47.3%

First Trust Income Opportunities ETF (NASDAQ:FCEF) saw a significant increase in short interest in 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 daily volume of 7,100 shares, the days-to-cover ratio is currently 2.7 days.

First Trust Income Opportunities ETF Trading Down 0.7 %

NASDAQ:FCEF traded down $0.15 during midday trading on Tuesday, hitting $21.94. 2,534 shares of the company were exchanged, compared to its average volume of 6,472. First Trust Income Opportunities ETF has a fifty-two week low of $17.70 and a fifty-two week high of $22.36. The company has a market capitalization of $39.49 million, a PE ratio of 17.57 and a beta of 0.95. The company has a fifty day simple moving average of $22.02 and a 200 day simple moving average of $21.29.

First Trust Income Opportunities ETF Dividend Announcement

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

Institutional Trading of First Trust Income Opportunities ETF

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

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.