First Trust Income Opportunities ETF (NASDAQ:FCEF) Sees Significant Increase in Short Interest

First Trust Income Opportunities ETF (NASDAQ:FCEF) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totaling 19,900 shares, an increase of 82.6% from the August 31st total of 10,900 shares. Based on an average daily volume of 14,400 shares, the short-interest ratio is presently 1.4 days. Based on an average daily volume of 14,400 shares, the short-interest ratio is presently 1.4 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. LPL Financial LLC increased its holdings in shares of First Trust Income Opportunities ETF by 47.6% in the first quarter. LPL Financial LLC now owns 232,822 shares of the company’s stock valued at $5,050,000 after buying an additional 75,123 shares in the last quarter. Raymond James Financial Inc. increased its holdings in shares of First Trust Income Opportunities ETF by 3.1% in the second quarter. Raymond James Financial Inc. now owns 121,098 shares of the company’s stock valued at $2,715,000 after buying an additional 3,641 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of First Trust Income Opportunities ETF by 17.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 93,413 shares of the company’s stock valued at $2,026,000 after buying an additional 14,185 shares in the last quarter. Osaic Holdings Inc. increased its holdings in shares of First Trust Income Opportunities ETF by 36.1% in the second quarter. Osaic Holdings Inc. now owns 40,618 shares of the company’s stock valued at $911,000 after buying an additional 10,763 shares in the last quarter. Finally, Boyce & Associates Wealth Consulting Inc. increased its holdings in shares of First Trust Income Opportunities ETF by 31.0% in the second quarter. Boyce & Associates Wealth Consulting Inc. now owns 38,514 shares of the company’s stock valued at $864,000 after buying an additional 9,104 shares in the last quarter.

First Trust Income Opportunities ETF Stock Performance

Shares of NASDAQ FCEF traded down $0.06 during trading on Monday, hitting $23.00. The company had a trading volume of 3,982 shares, compared to its average volume of 10,824. The company has a market cap of $60.95 million, a P/E ratio of 19.88 and a beta of 0.95. First Trust Income Opportunities ETF has a 52 week low of $18.85 and a 52 week high of $23.11. The business’s 50-day moving average is $22.70 and its 200 day moving average is $21.99.

First Trust Income Opportunities ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 11th were issued a $0.135 dividend. The ex-dividend date of this dividend was Thursday, September 11th. This represents a c) annualized dividend and a dividend yield of 7.0%.

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.