First Trust Income Opportunities ETF (NASDAQ:FCEF) Short Interest Down 36.2% in June

First Trust Income Opportunities ETF (NASDAQ:FCEF) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totaling 26,690 shares, a drop of 36.2% from the June 15th total of 41,810 shares. Approximately 0.8% of the company’s stock are sold short. Based on an average trading volume of 9,753 shares, the days-to-cover ratio is currently 2.7 days.

First Trust Income Opportunities ETF Stock Down 0.1%

Shares of FCEF traded down $0.02 during mid-day trading on Friday, hitting $23.82. 10,158 shares of the company traded hands, compared to its average volume of 18,873. First Trust Income Opportunities ETF has a 1-year low of $21.95 and a 1-year high of $24.12. The company has a market capitalization of $80.04 million, a PE ratio of 19.88 and a beta of 0.77. The business has a 50 day moving average of $23.76 and a 200 day moving average of $23.43.

First Trust Income Opportunities ETF Dividend Announcement

The business also recently announced a dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 14th will be given a dividend of $0.1375 per share. The ex-dividend date of this dividend is Tuesday, July 14th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FCEF. Western Wealth Management LLC acquired a new stake in shares of First Trust Income Opportunities ETF during the first quarter worth $51,000. Kestra Advisory Services LLC purchased a new position in First Trust Income Opportunities ETF in the 4th quarter worth $102,000. Janney Montgomery Scott LLC purchased a new position in First Trust Income Opportunities ETF in the 1st quarter worth $234,000. NewEdge Advisors LLC lifted its position in First Trust Income Opportunities ETF by 330.6% during the 1st quarter. NewEdge Advisors LLC now owns 11,195 shares of the company’s stock worth $252,000 after acquiring an additional 8,595 shares during the period. Finally, International Assets Investment Management LLC acquired a new stake in First Trust Income Opportunities ETF during the 4th quarter worth about $414,000.

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. FCEF was launched on Sep 27, 2016 and is managed by First Trust.