Short Interest in First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) Declines By 68.9%

First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) saw a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 72,426 shares, a decline of 68.9% from the June 30th total of 232,636 shares. Based on an average trading volume of 180,442 shares, the short-interest ratio is currently 0.4 days. Currently, 0.3% of the shares of the stock are sold short.

First Trust Structured Credit Income Opportunities ETF Price Performance

SCIO opened at $20.46 on Friday. First Trust Structured Credit Income Opportunities ETF has a one year low of $20.40 and a one year high of $21.69. The company’s 50 day simple moving average is $20.62 and its 200-day simple moving average is $20.73. The stock has a market capitalization of $487.97 million, a P/E ratio of -270.22 and a beta of 0.07.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SCIO. Crux Wealth Advisors acquired a new stake in shares of First Trust Structured Credit Income Opportunities ETF during the 4th quarter worth approximately $2,721,000. Delta Investment Management LLC lifted its holdings in First Trust Structured Credit Income Opportunities ETF by 48.0% in the fourth quarter. Delta Investment Management LLC now owns 254,274 shares of the company’s stock valued at $5,289,000 after buying an additional 82,519 shares during the period. Capital Investment Counsel LLC lifted its holdings in First Trust Structured Credit Income Opportunities ETF by 305.8% in the first quarter. Capital Investment Counsel LLC now owns 455,240 shares of the company’s stock valued at $9,396,000 after buying an additional 343,046 shares during the period. Brookstone Capital Management bought a new position in First Trust Structured Credit Income Opportunities ETF in the fourth quarter valued at approximately $1,086,000. Finally, Meridian Wealth Management LLC bought a new position in First Trust Structured Credit Income Opportunities ETF in the fourth quarter valued at approximately $1,343,000. 0.83% of the stock is currently owned by institutional investors.

First Trust Structured Credit Income Opportunities ETF Company Profile

The First Trust Structured Credit Income Opportunities ETF (SCIO) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seeking to maximize long-term income by holding intermediate-term structured credit investments such as RMBS, CMBS, CLOs, and ABS. Securities are of any credit quality. SCIO was launched on Feb 27, 2024 and is issued by First Trust.