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

First Trust SSI Strategic Convertible Securities ETF (NASDAQ:FCVT) was the target of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 2,411 shares, a decline of 64.5% from the May 31st total of 6,796 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 19,241 shares, the short-interest ratio is currently 0.1 days.

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

Hedge funds have recently modified their holdings of the company. Concurrent Investment Advisors LLC raised its stake in shares of First Trust SSI Strategic Convertible Securities ETF by 112.0% during the fourth quarter. Concurrent Investment Advisors LLC now owns 347,194 shares of the company’s stock valued at $14,941,000 after acquiring an additional 183,410 shares during the last quarter. Jane Street Group LLC increased its holdings in First Trust SSI Strategic Convertible Securities ETF by 645.7% during the 2nd quarter. Jane Street Group LLC now owns 133,299 shares of the company’s stock valued at $5,173,000 after purchasing an additional 115,423 shares during the period. Raymond James Financial Inc. increased its holdings in First Trust SSI Strategic Convertible Securities ETF by 3.3% during the 3rd quarter. Raymond James Financial Inc. now owns 89,532 shares of the company’s stock valued at $3,829,000 after purchasing an additional 2,844 shares during the period. Royal Bank of Canada raised its position in First Trust SSI Strategic Convertible Securities ETF by 49.9% during the 4th quarter. Royal Bank of Canada now owns 88,861 shares of the company’s stock valued at $3,824,000 after purchasing an additional 29,590 shares during the last quarter. Finally, Private Advisory Group LLC bought a new position in First Trust SSI Strategic Convertible Securities ETF during the 4th quarter valued at approximately $3,730,000.

First Trust SSI Strategic Convertible Securities ETF Stock Up 1.1%

Shares of First Trust SSI Strategic Convertible Securities ETF stock traded up $0.60 on Tuesday, hitting $53.76. The stock had a trading volume of 5,569 shares, compared to its average volume of 26,879. First Trust SSI Strategic Convertible Securities ETF has a one year low of $38.28 and a one year high of $54.90. The stock’s 50-day simple moving average is $51.79 and its two-hundred day simple moving average is $47.52.

First Trust SSI Strategic Convertible Securities ETF Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th will be issued a $0.045 dividend. This represents a c) dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Thursday, June 25th.

About First Trust SSI Strategic Convertible Securities ETF

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.