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

First Trust Income Opportunities ETF (NASDAQ:FCEFGet Free Report) was the recipient of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 10,815 shares, a decrease of 59.5% from the June 30th total of 26,690 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average trading volume of 33,033 shares, the short-interest ratio is currently 0.3 days.

First Trust Income Opportunities ETF Price Performance

Shares of FCEF stock opened at $23.77 on Monday. The firm has a market cap of $80.82 million, a P/E ratio of 19.88 and a beta of 0.77. First Trust Income Opportunities ETF has a 1-year low of $21.95 and a 1-year high of $24.12. The firm has a fifty day moving average of $23.77 and a two-hundred day moving average of $23.46.

First Trust Income Opportunities ETF Announces Dividend

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

Institutional Trading of First Trust Income Opportunities ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC raised its stake in First Trust Income Opportunities ETF by 430.6% during the first quarter. NewEdge Advisors LLC now owns 13,795 shares of the company’s stock valued at $310,000 after buying an additional 11,195 shares in the last quarter. Western Wealth Management LLC acquired a new position in shares of First Trust Income Opportunities ETF in the 1st quarter worth approximately $51,000. Cetera Investment Advisers grew its position in shares of First Trust Income Opportunities ETF by 14.4% in 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 in the last quarter. Kestra Advisory Services LLC increased its holdings in shares of 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 last quarter. Finally, Janney Montgomery Scott LLC bought a new stake in shares of First Trust Income Opportunities ETF in the 1st quarter valued at approximately $234,000.

About First Trust Income Opportunities ETF

(Get Free Report)

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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