First Trust Income Opportunities ETF (NASDAQ:FCEF) Short Interest Update

First Trust Income Opportunities ETF (NASDAQ:FCEF – Get Free Report) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totaling 26,690 shares, a drop of 36.2% from the June 15th total of 41,810 shares. Based on an average daily trading volume, of 9,753 shares, the days-to-cover ratio is currently 2.7 days. Approximately 0.8% of the company’s stock are short sold.

Institutional Investors Weigh In On First Trust Income Opportunities ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Western Wealth Management LLC acquired a new stake in shares of First Trust Income Opportunities ETF in the first quarter valued at approximately $51,000. NewEdge Advisors LLC increased its holdings in shares of First Trust Income Opportunities ETF by 330.6% during the 1st quarter. NewEdge Advisors LLC now owns 11,195 shares of the company’s stock worth $252,000 after acquiring an additional 8,595 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of First Trust Income Opportunities ETF by 14.4% during the 1st quarter. Cetera Investment Advisers now owns 47,416 shares of the company’s stock worth $1,067,000 after acquiring an additional 5,977 shares during the last quarter. Kestra Advisory Services LLC raised its stake in First Trust Income Opportunities ETF by 126.4% in the 1st quarter. Kestra Advisory Services LLC now owns 10,019 shares of the company’s stock valued at $225,000 after acquiring an additional 5,594 shares during the period. Finally, Janney Montgomery Scott LLC bought a new stake in First Trust Income Opportunities ETF in the 1st quarter valued at $234,000.

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First Trust Income Opportunities ETF Stock Performance

FCEF traded down $0.09 during trading on Friday, reaching $23.75. 12,762 shares of the stock were exchanged, compared to its average volume of 18,899. The stock’s 50 day moving average price is $23.76 and its two-hundred day moving average price is $23.43. First Trust Income Opportunities ETF has a twelve month low of $21.95 and a twelve month high of $24.12. The stock has a market cap of $79.80 million, a P/E ratio of 19.88 and a beta of 0.77.

First Trust Income Opportunities ETF Announces Dividend

The company also recently disclosed a dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, July 14th will be paid a dividend of $0.1375 per share. The ex-dividend date is Tuesday, July 14th.

First Trust Income Opportunities ETF Company Profile

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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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