First Trust Income Opportunities ETF (NASDAQ:FCEF) Short Interest Down 7.9% in January

First Trust Income Opportunities ETF (NASDAQ:FCEF) was the recipient of a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 19,700 shares, a drop of 7.9% from the January 15th total of 21,400 shares. Based on an average trading volume of 9,100 shares, the days-to-cover ratio is presently 2.2 days.

Hedge Funds Weigh In On First Trust Income Opportunities ETF

Several large investors have recently bought and sold shares of FCEF. Arkadios Wealth Advisors acquired a new position in shares of First Trust Income Opportunities ETF during the third quarter valued at approximately $213,000. Boyce & Associates Wealth Consulting Inc. boosted its stake in First Trust Income Opportunities ETF by 75.9% during the 4th quarter. Boyce & Associates Wealth Consulting Inc. now owns 25,098 shares of the company’s stock valued at $542,000 after purchasing an additional 10,826 shares in the last quarter. Proactive Wealth Strategies LLC acquired a new position in shares of First Trust Income Opportunities ETF during the 3rd quarter valued at $636,000. Raymond James Financial Inc. bought a new stake in shares of First Trust Income Opportunities ETF in the 4th quarter worth $2,715,000. Finally, LPL Financial LLC lifted its holdings in shares of First Trust Income Opportunities ETF by 7.9% in the fourth quarter. LPL Financial LLC now owns 157,699 shares of the company’s stock valued at $3,408,000 after buying an additional 11,558 shares during the period.

First Trust Income Opportunities ETF Stock Up 0.4 %

FCEF stock traded up $0.09 during trading on Tuesday, reaching $22.31. 8,490 shares of the company’s stock were exchanged, compared to its average volume of 11,293. First Trust Income Opportunities ETF has a 1-year low of $19.61 and a 1-year high of $22.64. The firm has a market cap of $42.38 million, a PE ratio of 17.57 and a beta of 0.95. The company’s fifty day moving average price is $21.92 and its 200-day moving average price is $21.96.

First Trust Income Opportunities ETF Dividend Announcement

The business also recently announced a dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 11th will be given a $0.135 dividend. The ex-dividend date is Tuesday, February 11th.

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.