First Trust Income Opportunities ETF (NASDAQ:FCEF) Short Interest Down 33.4% in January

First Trust Income Opportunities ETF (NASDAQ:FCEF) saw a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 21,119 shares, a drop of 33.4% from the January 15th total of 31,695 shares. Based on an average trading volume of 18,855 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.7% of the shares of the company are short sold. Currently, 0.7% of the shares of the company are short sold. Based on an average trading volume of 18,855 shares, the days-to-cover ratio is currently 1.1 days.

First Trust Income Opportunities ETF Price Performance

Shares of NASDAQ:FCEF traded up $0.11 during trading on Friday, reaching $23.82. The company had a trading volume of 24,564 shares, compared to its average volume of 23,205. First Trust Income Opportunities ETF has a fifty-two week low of $18.85 and a fifty-two week high of $23.86. The stock’s fifty day moving average price is $23.17 and its 200 day moving average price is $22.89. The firm has a market capitalization of $70.27 million, a price-to-earnings ratio of 19.88 and a beta of 0.85.

First Trust Income Opportunities ETF Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Wednesday, February 11th will be given a dividend of $0.135 per share. The ex-dividend date is Wednesday, February 11th. This represents a c) dividend on an annualized basis and a yield of 6.8%.

Institutional Trading of First Trust Income Opportunities ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Kestra Advisory Services LLC purchased a new stake in shares of First Trust Income Opportunities ETF during the 4th quarter worth approximately $102,000. Commonwealth Equity Services LLC raised its holdings in First Trust Income Opportunities ETF by 58.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 56,788 shares of the company’s stock worth $1,304,000 after purchasing an additional 21,030 shares during the last quarter. Harbour Investments Inc. boosted its position in First Trust Income Opportunities ETF by 104.9% during the fourth quarter. Harbour Investments Inc. now owns 32,210 shares of the company’s stock worth $740,000 after purchasing an additional 16,490 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in First Trust Income Opportunities ETF during the fourth quarter worth $414,000. Finally, Aurora Private Wealth Inc. acquired a new stake in First Trust Income Opportunities ETF in the fourth quarter valued at $469,000.

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. FCEF was launched on Sep 27, 2016 and is managed by First Trust.