First Trust SSI Strategic Convertible Securities ETF (NASDAQ:FCVT) Sees Large Decrease in Short Interest

First Trust SSI Strategic Convertible Securities ETF (NASDAQ:FCVT) saw a significant decrease in short interest in July. As of July 31st, there was short interest totaling 1,660 shares, a decrease of 68.6% from the July 15th total of 5,294 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 64,065 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On First Trust SSI Strategic Convertible Securities ETF

Large investors have recently modified their holdings of the stock. Truist Financial Corp bought a new stake in First Trust SSI Strategic Convertible Securities ETF during the 4th quarter valued at approximately $831,000. Plus Group Wealth Advisors LLC purchased a new position in shares of First Trust SSI Strategic Convertible Securities ETF during the 4th quarter worth approximately $1,116,000. International Assets Investment Management LLC purchased a new position in shares of First Trust SSI Strategic Convertible Securities ETF during the 4th quarter worth approximately $112,000. Caldwell Trust Co bought a new position in shares of First Trust SSI Strategic Convertible Securities ETF in the 4th quarter worth approximately $28,000. Finally, Concurrent Investment Advisors LLC raised its position in shares of First Trust SSI Strategic Convertible Securities ETF by 112.0% in the 4th quarter. Concurrent Investment Advisors LLC now owns 347,194 shares of the company’s stock worth $14,941,000 after acquiring an additional 183,410 shares in the last quarter.

First Trust SSI Strategic Convertible Securities ETF Stock Up 0.2%

Shares of FCVT stock opened at $51.75 on Friday. The stock has a fifty day moving average of $51.36 and a 200 day moving average of $48.99. First Trust SSI Strategic Convertible Securities ETF has a 52 week low of $39.22 and a 52 week high of $54.90.

First Trust SSI Strategic Convertible Securities ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st were issued a $0.045 dividend. The ex-dividend date was Tuesday, July 21st. This represents a c) annualized dividend and a 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.