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

First Trust Income Opportunities ETF (NASDAQ:FCEF) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 19,000 shares, an increase of 47.3% from the September 30th total of 12,900 shares. Based on an average daily trading volume, of 7,100 shares, the days-to-cover ratio is currently 2.7 days.

Institutional Investors Weigh In On First Trust Income Opportunities ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. grew its stake in shares of First Trust Income Opportunities ETF by 12.8% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 67,271 shares of the company’s stock worth $1,416,000 after purchasing an additional 7,611 shares during the period. Concourse Financial Group Securities Inc. lifted its position in shares of First Trust Income Opportunities ETF by 11.5% during the 1st quarter. Concourse Financial Group Securities Inc. now owns 7,258 shares of the company’s stock valued at $150,000 after buying an additional 750 shares in the last quarter. Raymond James & Associates lifted its position in shares of First Trust Income Opportunities ETF by 8.9% during the 2nd quarter. Raymond James & Associates now owns 109,265 shares of the company’s stock valued at $2,300,000 after buying an additional 8,901 shares in the last quarter. Boyce & Associates Wealth Consulting Inc. lifted its position in shares of First Trust Income Opportunities ETF by 11.3% during the 3rd quarter. Boyce & Associates Wealth Consulting Inc. now owns 14,272 shares of the company’s stock valued at $318,000 after buying an additional 1,449 shares in the last quarter. Finally, Arkadios Wealth Advisors purchased a new position in shares of First Trust Income Opportunities ETF during the 3rd quarter valued at approximately $213,000.

First Trust Income Opportunities ETF Price Performance

NASDAQ:FCEF traded down $0.13 during midday trading on Tuesday, hitting $21.96. The company’s stock had a trading volume of 2,534 shares, compared to its average volume of 6,472. First Trust Income Opportunities ETF has a fifty-two week low of $17.70 and a fifty-two week high of $22.36. The firm’s 50 day moving average is $22.02 and its 200-day moving average is $21.29. The firm has a market cap of $39.53 million, a P/E ratio of 17.57 and a beta of 0.95.

First Trust Income Opportunities ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 11th will be paid a dividend of $0.135 per share. The ex-dividend date is Friday, October 11th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 7.38%.

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.