First Trust SSI Strategic Convertible Securities ETF (NASDAQ:FCVT) Short Interest Update

First Trust SSI Strategic Convertible Securities ETF (NASDAQ:FCVT) saw a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 6,796 shares, an increase of 245.5% from the May 14th total of 1,967 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily volume of 23,084 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On First Trust SSI Strategic Convertible Securities ETF

Hedge funds have recently modified their holdings of the company. Truist Financial Corp purchased a new position in shares of First Trust SSI Strategic Convertible Securities ETF in the fourth quarter valued at about $831,000. Plus Group Wealth Advisors LLC bought a new stake in shares of First Trust SSI Strategic Convertible Securities ETF during the 4th quarter valued at about $1,116,000. International Assets Investment Management LLC bought a new stake in shares of First Trust SSI Strategic Convertible Securities ETF during the 4th quarter valued at about $112,000. Caldwell Trust Co bought a new stake in shares of First Trust SSI Strategic Convertible Securities ETF during the 4th quarter valued at about $28,000. Finally, Stratos Wealth Partners LTD. boosted its stake in shares of First Trust SSI Strategic Convertible Securities ETF by 3.8% during the 4th quarter. Stratos Wealth Partners LTD. now owns 14,300 shares of the company’s stock valued at $615,000 after purchasing an additional 520 shares in the last quarter.

First Trust SSI Strategic Convertible Securities ETF Price Performance

Shares of FCVT stock traded up $1.31 during mid-day trading on Thursday, reaching $52.07. The stock had a trading volume of 26,047 shares, compared to its average volume of 28,006. The stock’s 50-day moving average price is $49.97 and its two-hundred day moving average price is $46.57. First Trust SSI Strategic Convertible Securities ETF has a 52-week low of $37.16 and a 52-week high of $54.69.

First Trust SSI Strategic Convertible Securities ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 21st were given a $0.045 dividend. The ex-dividend date was Thursday, May 21st. This represents a c) dividend on an annualized basis and a dividend yield of 1.0%.

First Trust SSI Strategic Convertible Securities ETF Company Profile

The First Trust SSI Strategic Convertible Securities ETF (FCVT) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund of convertible securities from within and outside the US. FCVT was launched on Nov 4, 2015 and is managed by First Trust.