Short Interest in First Trust Income Opportunities ETF (NASDAQ:FCEF) Rises By 352.6%

First Trust Income Opportunities ETF (NASDAQ:FCEF) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totalling 17,200 shares, a growth of 352.6% from the May 31st total of 3,800 shares. Based on an average daily trading volume, of 5,600 shares, the short-interest ratio is currently 3.1 days.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Concourse Financial Group Securities Inc. increased its holdings in shares of First Trust Income Opportunities ETF by 11.5% during the first quarter. Concourse Financial Group Securities Inc. now owns 7,258 shares of the company’s stock worth $150,000 after buying an additional 750 shares in the last quarter. Aurora Private Wealth Inc. acquired a new position in shares of First Trust Income Opportunities ETF during the fourth quarter worth $201,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of First Trust Income Opportunities ETF during the fourth quarter worth $379,000. Finally, Capital Investment Advisory Services LLC increased its holdings in shares of First Trust Income Opportunities ETF by 8.5% during the fourth quarter. Capital Investment Advisory Services LLC now owns 381,321 shares of the company’s stock worth $7,543,000 after buying an additional 29,837 shares in the last quarter.

First Trust Income Opportunities ETF Stock Up 0.5 %

Shares of NASDAQ FCEF traded up $0.11 during midday trading on Thursday, reaching $20.99. 3,625 shares of the company were exchanged, compared to its average volume of 6,077. The stock’s 50-day moving average price is $20.68 and its 200-day moving average price is $20.26. The stock has a market cap of $32.53 million, a P/E ratio of 17.57 and a beta of 0.95. First Trust Income Opportunities ETF has a one year low of $17.62 and a one year high of $21.23.

First Trust Income Opportunities ETF Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, June 28th. Stockholders of record on Tuesday, June 11th will be issued a dividend of $0.125 per share. The ex-dividend date is Tuesday, June 11th. This represents a $1.50 annualized dividend and a dividend yield of 7.15%.

About First Trust Income Opportunities ETF

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.