First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO – Get Free Report) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 232,636 shares, an increase of 135.8% from the June 15th total of 98,665 shares. Approximately 1.0% of the shares of the company are sold short. Based on an average daily trading volume, of 369,664 shares, the days-to-cover ratio is presently 0.6 days.
First Trust Structured Credit Income Opportunities ETF Trading Up 0.0%
Shares of NYSEARCA:SCIO traded up $0.01 during trading on Wednesday, reaching $20.63. 154,590 shares of the stock were exchanged, compared to its average volume of 211,798. First Trust Structured Credit Income Opportunities ETF has a 12 month low of $20.43 and a 12 month high of $21.69. The stock has a 50-day moving average price of $20.64 and a 200-day moving average price of $20.74. The firm has a market cap of $484.81 million, a PE ratio of -272.46 and a beta of 0.07.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the company. Crux Wealth Advisors acquired a new position in shares of First Trust Structured Credit Income Opportunities ETF in the 4th quarter valued at approximately $2,721,000. Delta Investment Management LLC lifted its holdings in shares of First Trust Structured Credit Income Opportunities ETF by 48.0% during the 4th quarter. Delta Investment Management LLC now owns 254,274 shares of the company’s stock worth $5,289,000 after acquiring an additional 82,519 shares during the period. Daymark Wealth Partners LLC acquired a new stake in shares of First Trust Structured Credit Income Opportunities ETF during the 4th quarter worth approximately $2,641,000. Brookstone Capital Management acquired a new stake in shares of First Trust Structured Credit Income Opportunities ETF during the 4th quarter worth approximately $1,086,000. Finally, Capital Investment Counsel LLC increased its stake in First Trust Structured Credit Income Opportunities ETF by 305.8% in the first 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 during the last quarter. Institutional investors own 0.83% of the company’s stock.
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.
Further Reading
- Five stocks we like better than First Trust Structured Credit Income Opportunities ETF
- Why Johnson & Johnson’s Earnings Dip Looks Like a Buying Opportunity
- CPI Comes In Cool: Why It Could Revive These 3 Rate-Sensitive Stocks
- Why ASML’s AI Monopoly Is Still Getting Stronger
- Apple’s AI Toll Booth Thesis Faces Its Biggest Test Yet Before Earnings
Receive News & Ratings for First Trust Structured Credit Income Opportunities ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Structured Credit Income Opportunities ETF and related companies with MarketBeat.com's FREE daily email newsletter.
