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

First Trust Income Opportunities ETF (NASDAQ:FCEF) was the recipient of a large decline in short interest in August. As of August 31st, there was short interest totalling 3,300 shares, a decline of 45.9% from the August 15th total of 6,100 shares. Based on an average daily volume of 7,500 shares, the days-to-cover ratio is currently 0.4 days.

First Trust Income Opportunities ETF Price Performance

Shares of First Trust Income Opportunities ETF stock traded up $0.08 on Friday, reaching $21.92. 8,025 shares of the company were exchanged, compared to its average volume of 6,456. The stock’s 50 day moving average price is $21.52 and its 200-day moving average price is $20.90. First Trust Income Opportunities ETF has a 1-year low of $17.62 and a 1-year high of $21.99. The company has a market cap of $37.47 million, a P/E ratio of 17.57 and a beta of 0.95.

First Trust Income Opportunities ETF Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Wednesday, September 11th will be issued a dividend of $0.135 per share. This represents a $1.62 annualized dividend and a yield of 7.39%. The ex-dividend date of this dividend is Wednesday, September 11th. This is a boost from First Trust Income Opportunities ETF’s previous monthly dividend of $0.13.

Institutional Investors Weigh In On First Trust Income Opportunities ETF

A number of large investors have recently modified their holdings of the company. Concourse Financial Group Securities Inc. increased its holdings in shares of First Trust Income Opportunities ETF by 11.5% in the 1st quarter. Concourse Financial Group Securities Inc. now owns 7,258 shares of the company’s stock valued at $150,000 after acquiring an additional 750 shares during the last quarter. Aurora Private Wealth Inc. increased its stake in First Trust Income Opportunities ETF by 24.0% in the second quarter. Aurora Private Wealth Inc. now owns 12,903 shares of the company’s stock valued at $272,000 after purchasing an additional 2,495 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in First Trust Income Opportunities ETF by 12.8% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 67,271 shares of the company’s stock valued at $1,416,000 after purchasing an additional 7,611 shares during the last quarter. Raymond James & Associates lifted its position in shares of First Trust Income Opportunities ETF by 8.9% during the 2nd quarter. Raymond James & Associates now owns 109,265 shares of the company’s stock worth $2,300,000 after buying an additional 8,901 shares during the last quarter. Finally, Capital Investment Advisory Services LLC lifted its position in shares of First Trust Income Opportunities ETF by 7.8% during the 1st quarter. Capital Investment Advisory Services LLC now owns 410,924 shares of the company’s stock worth $8,514,000 after buying an additional 29,603 shares during the last quarter.

First Trust Income Opportunities ETF Company Profile

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.