First Trust Income Opportunities ETF (NASDAQ:FCEF) Sees Large Decrease in Short Interest

First Trust Income Opportunities ETF (NASDAQ:FCEF) saw a significant drop in short interest in July. As of July 31st, there was short interest totalling 4,700 shares, a drop of 79.3% from the July 15th total of 22,700 shares. Based on an average trading volume of 6,600 shares, the short-interest ratio is presently 0.7 days.

First Trust Income Opportunities ETF Stock Up 0.3 %

FCEF traded up $0.06 during mid-day trading on Monday, reaching $21.30. 5,914 shares of the company traded hands, compared to its average volume of 6,177. The company’s fifty day moving average price is $21.16 and its 200-day moving average price is $20.61. The stock has a market capitalization of $36.42 million, a P/E ratio of 17.57 and a beta of 0.95. First Trust Income Opportunities ETF has a 52-week low of $17.62 and a 52-week high of $21.70.

First Trust Income Opportunities ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Thursday, July 11th were given a dividend of $0.13 per share. The ex-dividend date was Thursday, July 11th. This represents a $1.56 annualized dividend and a dividend yield of 7.32%. This is an increase from First Trust Income Opportunities ETF’s previous monthly dividend of $0.13.

Institutional Trading of First Trust Income Opportunities ETF

A number of large investors have recently made changes to their positions in FCEF. Concourse Financial Group Securities Inc. increased its holdings in shares of First Trust Income Opportunities ETF by 11.5% in the 1st quarter. Concourse Financial Group Securities Inc. now owns 7,258 shares of the company’s stock valued at $150,000 after acquiring an additional 750 shares during the period. Aurora Private Wealth Inc. purchased a new position in shares of First Trust Income Opportunities ETF during the 4th quarter valued at approximately $201,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of First Trust Income Opportunities ETF in the 4th quarter valued at about $379,000. Cambridge Investment Research Advisors Inc. grew its stake in First Trust Income Opportunities ETF by 12.8% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 67,271 shares of the company’s stock valued at $1,416,000 after acquiring an additional 7,611 shares during the period. Finally, Raymond James & Associates increased its stake in shares of First Trust Income Opportunities ETF by 8.9% during the second quarter. Raymond James & Associates now owns 109,265 shares of the company’s stock worth $2,300,000 after purchasing an additional 8,901 shares in the last quarter.

About First Trust Income Opportunities ETF

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.