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

First Trust Income Opportunities ETF (NASDAQ:FCEF) was the recipient of a significant decline in short interest in March. As of March 15th, there was short interest totalling 10,200 shares, a decline of 30.1% from the February 28th total of 14,600 shares. Based on an average trading volume of 8,500 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.5% of the company’s stock are short sold.

Hedge Funds Weigh In On First Trust Income Opportunities ETF

A number of large investors have recently bought and sold shares of FCEF. Aurora Private Wealth Inc. increased its holdings in shares of First Trust Income Opportunities ETF by 14.2% in the 4th quarter. Aurora Private Wealth Inc. now owns 15,001 shares of the company’s stock valued at $324,000 after acquiring an additional 1,864 shares during the period. Commonwealth Equity Services LLC boosted its position in First Trust Income Opportunities ETF by 108.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 19,026 shares of the company’s stock valued at $411,000 after purchasing an additional 9,888 shares in the last quarter. Boyce & Associates Wealth Consulting Inc. grew its stake in First Trust Income Opportunities ETF by 75.9% in the fourth 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 during the last quarter. LPL Financial LLC raised its holdings in 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 worth $3,408,000 after purchasing an additional 11,558 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in First Trust Income Opportunities ETF in the fourth quarter worth about $2,715,000.

First Trust Income Opportunities ETF Price Performance

NASDAQ FCEF traded down $0.01 during trading on Monday, reaching $21.64. 4,114 shares of the company’s stock traded hands, compared to its average volume of 7,332. First Trust Income Opportunities ETF has a 12-month low of $19.61 and a 12-month high of $22.64. The firm has a market cap of $41.12 million, a price-to-earnings ratio of 21.51 and a beta of 0.95. The company’s 50 day simple moving average is $21.97 and its two-hundred day simple moving average is $22.01.

First Trust Income Opportunities ETF Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 11th will be issued a dividend of $0.135 per share. The ex-dividend date of this dividend is Tuesday, March 11th.

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.