Shares of First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO – Get Free Report) saw unusually-high trading volume on Friday. Approximately 960,258 shares changed hands during mid-day trading, an increase of 321% from the previous session’s volume of 228,190 shares. The stock last traded at $20.0750 and had previously closed at $20.03.
First Trust Structured Credit Income Opportunities ETF Price Performance
The business has a 50 day moving average of $20.25 and a 200 day moving average of $20.50. The firm has a market capitalization of $547.04 million, a price-to-earnings ratio of -265.13 and a beta of 0.09.
Hedge Funds Weigh In On First Trust Structured Credit Income Opportunities ETF
Institutional investors have recently modified their holdings of the stock. Kestra Advisory Services LLC increased its stake in First Trust Structured Credit Income Opportunities ETF by 2,317.8% in the first quarter. Kestra Advisory Services LLC now owns 568,187 shares of the company’s stock valued at $11,727,000 after purchasing an additional 544,687 shares in the last quarter. Royal Bank of Canada bought a new stake in shares of First Trust Structured Credit Income Opportunities ETF in the first quarter worth about $8,006,000. First Heartland Consultants Inc. bought a new position in First Trust Structured Credit Income Opportunities ETF in the third quarter valued at approximately $7,337,000. Beaumont Financial Advisors LLC acquired a new stake in shares of First Trust Structured Credit Income Opportunities ETF during the first quarter worth $7,243,000. Finally, Capital Investment Counsel LLC lifted its position in First Trust Structured Credit Income Opportunities ETF by 305.8% in the 1st quarter. Capital Investment Counsel LLC now owns 455,240 shares of the company’s stock valued at $9,396,000 after acquiring an additional 343,046 shares in the last quarter. 0.83% of the stock is currently owned by institutional investors and hedge funds.
About First Trust Structured Credit Income Opportunities ETF
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.
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