Short Interest in First Trust Income Opportunities ETF (NASDAQ:FCEF) Expands By 33.6%

First Trust Income Opportunities ETF (NASDAQ:FCEF) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 24,853 shares, an increase of 33.6% from the December 15th total of 18,596 shares. Based on an average daily volume of 12,252 shares, the days-to-cover ratio is currently 2.0 days. Approximately 0.9% of the shares of the company are sold short. Approximately 0.9% of the shares of the company are sold short. Based on an average daily volume of 12,252 shares, the days-to-cover ratio is currently 2.0 days.

Institutional Investors Weigh In On First Trust Income Opportunities ETF

A number of hedge funds have recently bought and sold shares of FCEF. Boyce & Associates Wealth Consulting Inc. grew its position in shares of First Trust Income Opportunities ETF by 55.8% in the third quarter. Boyce & Associates Wealth Consulting Inc. now owns 60,004 shares of the company’s stock valued at $1,373,000 after purchasing an additional 21,490 shares during the last quarter. Smith Moore & CO. bought a new stake in First Trust Income Opportunities ETF during the 3rd quarter valued at approximately $273,000. Envestnet Asset Management Inc. bought a new stake in First Trust Income Opportunities ETF during the 2nd quarter valued at approximately $256,000. Osaic Holdings Inc. grew its holdings in First Trust Income Opportunities ETF by 36.1% in the 2nd quarter. Osaic Holdings Inc. now owns 40,618 shares of the company’s stock valued at $911,000 after buying an additional 10,763 shares during the last quarter. Finally, Raymond James Financial Inc. increased its position in First Trust Income Opportunities ETF by 4.8% in the 3rd quarter. Raymond James Financial Inc. now owns 126,954 shares of the company’s stock worth $2,905,000 after buying an additional 5,856 shares during the period.

First Trust Income Opportunities ETF Stock Down 0.1%

FCEF stock traded down $0.02 during midday trading on Friday, hitting $23.25. 18,113 shares of the company traded hands, compared to its average volume of 23,701. First Trust Income Opportunities ETF has a twelve month low of $18.85 and a twelve month high of $23.36. The stock has a market capitalization of $67.43 million, a price-to-earnings ratio of 19.88 and a beta of 0.85. The business has a 50 day simple moving average of $22.86 and a 200-day simple moving average of $22.75.

First Trust Income Opportunities ETF Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Tuesday, January 13th will be paid a $0.135 dividend. The ex-dividend date is Tuesday, January 13th. This represents a c) dividend on an annualized basis and a yield of 7.0%.

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.