First Trust SSI Strategic Convertible Securities ETF (NASDAQ:FCVT) Short Interest Up 245.5% in May

Posted by on Jun 13th, 2026

First Trust SSI Strategic Convertible Securities ETF (NASDAQ:FCVT – Get Free Report) was the target of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 6,796 shares, a growth of 245.5% from the May 14th total of 1,967 shares. Based on an average trading volume of 23,084 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.3% of the shares of the company are short sold.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Concurrent Investment Advisors LLC increased its position in First Trust SSI Strategic Convertible Securities ETF by 112.0% during the fourth quarter. Concurrent Investment Advisors LLC now owns 347,194 shares of the company’s stock worth $14,941,000 after acquiring an additional 183,410 shares during the period. Jane Street Group LLC grew its holdings in shares of First Trust SSI Strategic Convertible Securities ETF by 645.7% during the 2nd quarter. Jane Street Group LLC now owns 133,299 shares of the company’s stock worth $5,173,000 after purchasing an additional 115,423 shares in the last quarter. Raymond James Financial Inc. grew its holdings in shares of First Trust SSI Strategic Convertible Securities ETF by 3.3% during the 3rd quarter. Raymond James Financial Inc. now owns 89,532 shares of the company’s stock worth $3,829,000 after purchasing an additional 2,844 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of First Trust SSI Strategic Convertible Securities ETF by 49.9% during the 4th quarter. Royal Bank of Canada now owns 88,861 shares of the company’s stock worth $3,824,000 after purchasing an additional 29,590 shares in the last quarter. Finally, Private Advisory Group LLC acquired a new stake in shares of First Trust SSI Strategic Convertible Securities ETF during the 4th quarter worth approximately $3,730,000.

First Trust SSI Strategic Convertible Securities ETF Trading Up 1.4%

FCVT stock traded up $0.75 on Friday, reaching $52.82. 12,582 shares of the company were exchanged, compared to its average volume of 27,868. First Trust SSI Strategic Convertible Securities ETF has a 12 month low of $37.16 and a 12 month high of $54.69. The stock’s fifty day moving average price is $50.29 and its 200 day moving average price is $46.69.

First Trust SSI Strategic Convertible Securities ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, May 29th. Investors of record on Thursday, May 21st were given a dividend of $0.045 per share. The ex-dividend date of this dividend was Thursday, May 21st. This represents a c) dividend on an annualized basis and a yield of 1.0%.

First Trust SSI Strategic Convertible Securities ETF Company Profile

(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.

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