First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) Short Interest Update

First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) saw a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 357,482 shares, a growth of 60.7% from the February 26th total of 222,427 shares. Based on an average daily trading volume, of 430,541 shares, the short-interest ratio is presently 0.8 days. Approximately 4.2% of the shares of the company are sold short.

Institutional Trading of First Trust Structured Credit Income Opportunities ETF

Hedge funds have recently bought and sold shares of the company. Cetera Investment Advisers grew its position in First Trust Structured Credit Income Opportunities ETF by 59.5% during the fourth quarter. Cetera Investment Advisers now owns 19,185 shares of the company’s stock valued at $399,000 after buying an additional 7,157 shares during the period. Osaic Holdings Inc. grew its position in shares of First Trust Structured Credit Income Opportunities ETF by 49.6% during the 4th quarter. Osaic Holdings Inc. now owns 6,820 shares of the company’s stock valued at $142,000 after acquiring an additional 2,260 shares during the period. Kestra Advisory Services LLC bought a new stake in shares of First Trust Structured Credit Income Opportunities ETF during the 4th quarter valued at $489,000. CreativeOne Wealth LLC increased its stake in shares of First Trust Structured Credit Income Opportunities ETF by 9.8% in the 4th quarter. CreativeOne Wealth LLC now owns 44,863 shares of the company’s stock worth $933,000 after purchasing an additional 3,991 shares in the last quarter. Finally, Arkadios Wealth Advisors raised its holdings in First Trust Structured Credit Income Opportunities ETF by 16.2% in the 4th quarter. Arkadios Wealth Advisors now owns 13,772 shares of the company’s stock worth $286,000 after purchasing an additional 1,915 shares during the period. Hedge funds and other institutional investors own 0.83% of the company’s stock.

First Trust Structured Credit Income Opportunities ETF Trading Up 0.1%

NYSEARCA:SCIO traded up $0.02 during mid-day trading on Friday, reaching $20.52. The company’s stock had a trading volume of 85,962 shares, compared to its average volume of 204,662. First Trust Structured Credit Income Opportunities ETF has a 12-month low of $20.06 and a 12-month high of $22.51. The firm’s fifty day moving average price is $20.83 and its two-hundred day moving average price is $20.82. The stock has a market cap of $174.42 million, a P/E ratio of -271.01 and a beta of 0.08.

First Trust Structured Credit Income Opportunities ETF Company Profile

The First Trust Structured Credit Income Opportunities ETF (SCIO) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seeking to maximize long-term income by holding intermediate-term structured credit investments such as RMBS, CMBS, CLOs, and ABS. Securities are of any credit quality. SCIO was launched on Feb 27, 2024 and is issued by First Trust.