First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) Sees Large Increase in Short Interest

First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 232,636 shares, a growth of 135.8% from the June 15th total of 98,665 shares. Currently, 1.0% of the shares of the company are sold short. Based on an average trading volume of 369,664 shares, the days-to-cover ratio is presently 0.6 days.

First Trust Structured Credit Income Opportunities ETF Stock Up 0.0%

SCIO traded up $0.01 during trading hours on Thursday, hitting $20.64. The stock had a trading volume of 138,732 shares, compared to its average volume of 211,198. First Trust Structured Credit Income Opportunities ETF has a 1 year low of $20.43 and a 1 year high of $21.69. The company’s fifty day simple moving average is $20.64 and its 200 day simple moving average is $20.74. The stock has a market cap of $485.04 million, a PE ratio of -272.59 and a beta of 0.07.

Institutional Trading of First Trust Structured Credit Income Opportunities ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. First Trust Advisors LP lifted its stake in shares of First Trust Structured Credit Income Opportunities ETF by 45.0% during the 2nd quarter. First Trust Advisors LP now owns 39,091 shares of the company’s stock valued at $808,000 after buying an additional 12,135 shares in the last quarter. Snowden Capital Advisors LLC bought a new stake in First Trust Structured Credit Income Opportunities ETF during the 2nd quarter valued at $1,687,000. Osaic Holdings Inc. purchased a new stake in shares of First Trust Structured Credit Income Opportunities ETF during the second quarter worth $25,000. Citadel Advisors LLC purchased a new stake in shares of First Trust Structured Credit Income Opportunities ETF during the third quarter worth $533,000. Finally, IFP Advisors Inc bought a new position in shares of First Trust Structured Credit Income Opportunities ETF in the third quarter worth $44,000. Institutional investors own 0.83% of the company’s stock.

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.