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 September. As of September 15th, there was short interest totaling 14,270 shares, a decrease of 49.5% from the August 31st total of 28,250 shares. Based on an average daily volume of 17,276 shares, the short-interest ratio is presently 0.8 days. Currently, 0.4% of the shares of the stock are sold short.

Hedge Funds Weigh In On First Trust Income Opportunities ETF

A number of institutional investors and hedge funds have recently bought and sold shares of FCEF. Envestnet Asset Management Inc. increased its position in First Trust Income Opportunities ETF by 47.9% in the second quarter. Envestnet Asset Management Inc. now owns 30,845 shares of the company’s stock worth $742,000 after purchasing an additional 9,995 shares during the period. Integrated Wealth Concepts LLC boosted its stake in shares of First Trust Income Opportunities ETF by 33.0% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 17,684 shares of the company’s stock valued at $425,000 after purchasing an additional 4,386 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of First Trust Income Opportunities ETF by 3.1% in the 2nd quarter. NewEdge Advisors LLC now owns 14,224 shares of the company’s stock valued at $342,000 after purchasing an additional 429 shares during the last quarter. Western Wealth Management LLC acquired a new stake in shares of First Trust Income Opportunities ETF during the 1st quarter worth approximately $51,000. Finally, Cetera Investment Advisers raised its stake in shares of First Trust Income Opportunities ETF by 14.4% during the first quarter. Cetera Investment Advisers now owns 47,416 shares of the company’s stock worth $1,067,000 after buying an additional 5,977 shares during the last quarter.

First Trust Income Opportunities ETF Stock Down 1.0%

Shares of FCEF stock opened at $22.66 on Tuesday. The company has a market capitalization of $80.67 million, a P/E ratio of 19.88 and a beta of 0.77. First Trust Income Opportunities ETF has a 12-month low of $21.95 and a 12-month high of $24.35. The firm has a 50-day moving average price of $23.78 and a 200 day moving average price of $23.56.

First Trust Income Opportunities ETF Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 11th will be given a dividend of $0.1375 per share. The ex-dividend date is Friday, September 11th. This represents a $1.65 dividend on an annualized basis and a yield of 7.3%.

About First Trust Income Opportunities ETF

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.