Short Interest in First Trust Income Opportunities ETF (NASDAQ:FCEF) Rises By 58.5%

First Trust Income Opportunities ETF (NASDAQ:FCEF) was the recipient of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 20,086 shares, a growth of 58.5% from the July 30th total of 12,670 shares. Based on an average trading volume of 26,453 shares, the short-interest ratio is currently 0.8 days. Approximately 0.6% of the shares of the company are short sold.

First Trust Income Opportunities ETF Stock Performance

Shares of NASDAQ FCEF opened at $23.96 on Thursday. First Trust Income Opportunities ETF has a fifty-two week low of $21.95 and a fifty-two week high of $24.35. The stock has a market cap of $81.46 million, a PE ratio of 19.88 and a beta of 0.77. The stock has a fifty day moving average of $23.98 and a 200-day moving average of $23.59.

First Trust Income Opportunities ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Monday, August 31st. Shareholders of record on Tuesday, August 11th were paid a $0.1375 dividend. The ex-dividend date was Tuesday, August 11th.

Institutional Investors Weigh In On First Trust Income Opportunities ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Cetera Investment Advisers grew its stake in First Trust Income Opportunities ETF by 14.4% during the first quarter. Cetera Investment Advisers now owns 47,416 shares of the company’s stock valued at $1,067,000 after acquiring an additional 5,977 shares in the last quarter. Osaic Holdings Inc. increased its holdings in First Trust Income Opportunities ETF by 7.7% during the 4th quarter. Osaic Holdings Inc. now owns 45,192 shares of the company’s stock worth $1,038,000 after acquiring an additional 3,213 shares during the period. Kestra Advisory Services LLC purchased a new stake in First Trust Income Opportunities ETF in the 4th quarter worth approximately $102,000. Commonwealth Equity Services LLC lifted its stake in First Trust Income Opportunities ETF by 58.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 56,788 shares of the company’s stock worth $1,304,000 after purchasing an additional 21,030 shares in the last quarter. Finally, Western Wealth Management LLC bought a new position in First Trust Income Opportunities ETF in the 1st quarter valued at $51,000.

First Trust Income Opportunities ETF Company Profile

The First Trust Income Opportunity ETF (FCEF) is an exchange-traded fund that is based on the S-Network Composite Closed-End Fund index. The fund is an actively managed ETF that holds closed-end funds to get exposure to US and non-US equity, fixed income securities, and commodities. The fund’s primary objective is to provide current income. FCEF was launched on Sep 27, 2016 and is managed by First Trust.