First Trust Income Opportunities ETF (NASDAQ:FCEF – Get Free Report) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 40,527 shares, a growth of 237.7% from the April 15th total of 12,001 shares. Currently, 1.3% of the shares of the company are sold short. Based on an average daily volume of 14,599 shares, the short-interest ratio is currently 2.8 days.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. GPS Wealth Strategies Group LLC raised its position in shares of First Trust Income Opportunities ETF by 449.6% in the third quarter. GPS Wealth Strategies Group LLC now owns 2,748 shares of the company’s stock worth $63,000 after acquiring an additional 2,248 shares during the period. Ameritas Advisory Services LLC raised its position in shares of First Trust Income Opportunities ETF by 31.9% in the third quarter. Ameritas Advisory Services LLC now owns 3,758 shares of the company’s stock worth $86,000 after acquiring an additional 908 shares during the period. Kestra Advisory Services LLC acquired a new position in shares of First Trust Income Opportunities ETF in the fourth quarter worth about $102,000. Janney Montgomery Scott LLC acquired a new position in shares of First Trust Income Opportunities ETF in the first quarter worth about $234,000. Finally, Smith Moore & CO. acquired a new position in shares of First Trust Income Opportunities ETF in the third quarter worth about $273,000.
First Trust Income Opportunities ETF Stock Performance
NASDAQ FCEF traded down $0.22 on Friday, reaching $23.52. 5,342 shares of the company’s stock traded hands, compared to its average volume of 18,439. The firm has a market cap of $74.09 million, a price-to-earnings ratio of 19.88 and a beta of 0.78. The stock has a 50 day moving average price of $23.12 and a 200-day moving average price of $23.11. First Trust Income Opportunities ETF has a fifty-two week low of $21.34 and a fifty-two week high of $23.99.
First Trust Income Opportunities ETF Announces Dividend
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.
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