Short Interest in First Trust Income Opportunities ETF (NASDAQ:FCEF) Increases By 95.3%

First Trust Income Opportunities ETF (NASDAQ:FCEF) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totaling 41,810 shares, an increase of 95.3% from the May 31st total of 21,412 shares. Based on an average trading volume of 23,493 shares, the days-to-cover ratio is presently 1.8 days. Approximately 1.3% of the company’s stock are short sold.

Institutional Investors Weigh In On First Trust Income Opportunities ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Boyce & Associates Wealth Consulting Inc. boosted its holdings in First Trust Income Opportunities ETF by 1.1% during the fourth quarter. Boyce & Associates Wealth Consulting Inc. now owns 60,686 shares of the company’s stock worth $1,394,000 after buying an additional 682 shares in the last quarter. Cetera Investment Advisers grew its position in shares of First Trust Income Opportunities ETF by 9.7% during the 2nd quarter. Cetera Investment Advisers now owns 24,169 shares of the company’s stock valued at $542,000 after acquiring an additional 2,144 shares during the period. Western Wealth Management LLC acquired a new stake in shares of First Trust Income Opportunities ETF during the 1st quarter valued at about $51,000. Osaic Holdings Inc. increased its stake in shares of First Trust Income Opportunities ETF by 7.7% in the 4th quarter. Osaic Holdings Inc. now owns 45,192 shares of the company’s stock valued at $1,038,000 after purchasing an additional 3,213 shares in the last quarter. Finally, Raymond James Financial Inc. raised its holdings in First Trust Income Opportunities ETF by 3.1% in the 2nd quarter. Raymond James Financial Inc. now owns 121,098 shares of the company’s stock worth $2,715,000 after purchasing an additional 3,641 shares during the period.

First Trust Income Opportunities ETF Price Performance

NASDAQ:FCEF traded up $0.03 during midday trading on Thursday, hitting $24.01. The company’s stock had a trading volume of 7,176 shares, compared to its average volume of 17,619. The firm’s 50 day moving average is $23.67 and its 200-day moving average is $23.33. First Trust Income Opportunities ETF has a fifty-two week low of $21.95 and a fifty-two week high of $24.09. The firm has a market cap of $75.63 million, a P/E ratio of 19.88 and a beta of 0.77.

First Trust Income Opportunities ETF Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 11th were issued a $0.1375 dividend. The ex-dividend date of this dividend was Thursday, June 11th.

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.