First Trust SSI Strategic Convertible Securities ETF (NASDAQ:FCVT) Short Interest Up 619.0% in April

Posted by Brian Himes on May 12th, 2026

First Trust SSI Strategic Convertible Securities ETF (NASDAQ:FCVT – Get Free Report) saw a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 4,616 shares, an increase of 619.0% from the April 15th total of 642 shares. Based on an average trading volume of 18,574 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the shares of the company are short sold.

First Trust SSI Strategic Convertible Securities ETF Stock Performance

Shares of NASDAQ FCVT traded down $1.02 during midday trading on Tuesday, reaching $51.26. The stock had a trading volume of 17,999 shares, compared to its average volume of 29,639. First Trust SSI Strategic Convertible Securities ETF has a 12-month low of $36.43 and a 12-month high of $52.52. The stock has a 50-day moving average of $46.78 and a 200-day moving average of $45.23.

First Trust SSI Strategic Convertible Securities ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Thursday, April 30th. Shareholders of record on Tuesday, April 21st were issued a dividend of $0.045 per share. The ex-dividend date of this dividend was Tuesday, April 21st. This represents a c) dividend on an annualized basis and a yield of 1.1%.

Hedge Funds Weigh In On First Trust SSI Strategic Convertible Securities ETF

A number of hedge funds have recently made changes to their positions in FCVT. Concurrent Investment Advisors LLC boosted its stake in First Trust SSI Strategic Convertible Securities ETF by 112.0% in the 4th quarter. Concurrent Investment Advisors LLC now owns 347,194 shares of the company’s stock worth $14,941,000 after purchasing an additional 183,410 shares during the period. Jane Street Group LLC lifted its holdings in shares of First Trust SSI Strategic Convertible Securities ETF by 645.7% in the second quarter. Jane Street Group LLC now owns 133,299 shares of the company’s stock worth $5,173,000 after buying an additional 115,423 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of First Trust SSI Strategic Convertible Securities ETF by 3.3% during the third quarter. Raymond James Financial Inc. now owns 89,532 shares of the company’s stock worth $3,829,000 after acquiring an additional 2,844 shares during the last quarter. Royal Bank of Canada grew its stake in First Trust SSI Strategic Convertible Securities ETF by 49.9% during the fourth quarter. Royal Bank of Canada now owns 88,861 shares of the company’s stock valued at $3,824,000 after acquiring an additional 29,590 shares in the last quarter. Finally, Private Advisory Group LLC purchased a new position in First Trust SSI Strategic Convertible Securities ETF during the fourth quarter valued at $3,730,000.

About First Trust SSI Strategic Convertible Securities ETF

(Get Free Report)

The First Trust SSI Strategic Convertible Securities ETF (FCVT) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund of convertible securities from within and outside the US. FCVT was launched on Nov 4, 2015 and is managed by First Trust.