First Trust SSI Strategic Convertible Securities ETF (NASDAQ:FCVT) Stock Short Interest Falls 96.3%

Posted by George Bondi on Sep 24th, 2026

First Trust SSI Strategic Convertible Securities ETF (NASDAQ:FCVT – Get Free Report) saw a significant drop in short interest in September. As of September 15th, there was short interest totaling 568 shares, a drop of 96.3% from the August 31st total of 15,257 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 20,399 shares, the short-interest ratio is currently 0.0 days.

First Trust SSI Strategic Convertible Securities ETF Stock Up 0.2%

Shares of NASDAQ FCVT traded up $0.12 during midday trading on Thursday, reaching $49.47. 3,674 shares of the company’s stock were exchanged, compared to its average volume of 29,300. First Trust SSI Strategic Convertible Securities ETF has a 52-week low of $41.00 and a 52-week high of $54.90. The business’s fifty day moving average price is $49.75 and its two-hundred day moving average price is $49.76.

First Trust SSI Strategic Convertible Securities ETF Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 24th will be issued a $0.0450 dividend. The ex-dividend date of this dividend is Thursday, September 24th. This represents a $0.54 dividend on an annualized basis and a yield of 1.1%.

Institutional Investors Weigh In On First Trust SSI Strategic Convertible Securities ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Concurrent Investment Advisors LLC raised its position in shares of First Trust SSI Strategic Convertible Securities ETF by 64.4% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 283,615 shares of the company’s stock valued at $15,251,000 after purchasing an additional 111,050 shares in the last quarter. Bank of America Corp DE increased its stake in shares of First Trust SSI Strategic Convertible Securities ETF by 14.4% in the first quarter. Bank of America Corp DE now owns 46,152 shares of the company’s stock worth $2,039,000 after buying an additional 5,805 shares during the last quarter. City Center Advisors LLC acquired a new stake in First Trust SSI Strategic Convertible Securities ETF in the second quarter valued at $215,000. Milestones Private Investment Advisors LLC raised its holdings in First Trust SSI Strategic Convertible Securities ETF by 13.4% in the first quarter. Milestones Private Investment Advisors LLC now owns 27,583 shares of the company’s stock valued at $1,219,000 after acquiring an additional 3,255 shares in the last quarter. Finally, Merkkuri Wealth Advisors LLC acquired a new stake in First Trust SSI Strategic Convertible Securities ETF in the first quarter valued at $52,000.

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.