First Trust Income Opportunities ETF (NASDAQ:FCEF) Sees Significant Increase in Short Interest

First Trust Income Opportunities ETF (NASDAQ:FCEF) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 41,810 shares, an increase of 95.3% from the May 31st total of 21,412 shares. Approximately 1.3% of the shares of the stock are short sold. Based on an average daily volume of 23,493 shares, the short-interest ratio is presently 1.8 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Western Wealth Management LLC acquired a new position in First Trust Income Opportunities ETF in the first quarter valued at about $51,000. Kestra Advisory Services LLC bought a new position in First Trust Income Opportunities ETF in the fourth quarter valued at $102,000. Janney Montgomery Scott LLC acquired a new stake in shares of First Trust Income Opportunities ETF in the first quarter valued at about $234,000. NewEdge Advisors LLC boosted its stake in shares of First Trust Income Opportunities ETF by 330.6% during the 1st quarter. NewEdge Advisors LLC now owns 11,195 shares of the company’s stock worth $252,000 after acquiring an additional 8,595 shares during the period. Finally, Smith Moore & CO. acquired a new position in shares of First Trust Income Opportunities ETF in the third quarter valued at $273,000.

First Trust Income Opportunities ETF Stock Performance

Shares of NASDAQ:FCEF traded down $0.06 on Wednesday, hitting $23.99. The stock had a trading volume of 15,773 shares, compared to its average volume of 17,616. First Trust Income Opportunities ETF has a twelve month low of $21.95 and a twelve month high of $24.09. The firm’s 50 day moving average price is $23.66 and its 200-day moving average price is $23.33. The company has a market capitalization of $75.57 million, a price-to-earnings ratio of 19.88 and a beta of 0.77.

First Trust Income Opportunities ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 11th were given a $0.1375 dividend. The ex-dividend date was Thursday, June 11th.

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.