First Trust Income Opportunities ETF (NASDAQ:FCEF) Stock Short Interest Report for October

First Trust Income Opportunities ETF (NASDAQ:FCEF) saw a large decline in short interest in October. As of October 15th, there was short interest totaling 4,242 shares, a decline of 68.0% from the September 30th total of 13,274 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 16,910 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. increased its holdings in First Trust Income Opportunities ETF by 47.9% in the second quarter. Envestnet Asset Management Inc. now owns 30,845 shares of the company’s stock valued at $742,000 after buying an additional 9,995 shares in the last quarter. Integrated Wealth Concepts LLC lifted its position in shares of First Trust Income Opportunities ETF by 33.0% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 17,684 shares of the company’s stock valued at $425,000 after acquiring an additional 4,386 shares during the period. NewEdge Advisors LLC boosted its stake in shares of First Trust Income Opportunities ETF by 3.1% during the 2nd quarter. NewEdge Advisors LLC now owns 14,224 shares of the company’s stock worth $342,000 after acquiring an additional 429 shares in the last quarter. Western Wealth Management LLC purchased a new stake in shares of First Trust Income Opportunities ETF during the 1st quarter worth approximately $51,000. Finally, Cetera Investment Advisers boosted its stake in shares of First Trust Income Opportunities ETF by 14.4% during the 1st quarter. Cetera Investment Advisers now owns 47,416 shares of the company’s stock worth $1,067,000 after acquiring an additional 5,977 shares in the last quarter.

First Trust Income Opportunities ETF Trading Up 0.8%

Shares of NASDAQ:FCEF traded up $0.19 on Thursday, reaching $23.02. 8,163 shares of the company were exchanged, compared to its average volume of 17,211. First Trust Income Opportunities ETF has a 1-year low of $21.95 and a 1-year high of $24.35. The firm has a market cap of $80.80 million, a price-to-earnings ratio of 19.88 and a beta of 0.78. The company has a 50-day moving average of $23.22 and a 200-day moving average of $23.46.

First Trust Income Opportunities ETF Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, October 14th will be issued a dividend of $0.1375 per share. The ex-dividend date of this dividend is Wednesday, October 14th. This represents a $1.65 dividend on an annualized basis and a yield of 7.2%.

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. FCEF was launched on Sep 27, 2016 and is managed by First Trust.