Short Interest in First Trust Income Opportunities ETF (NASDAQ:FCEF) Drops By 84.3%

First Trust Income Opportunities ETF (NASDAQ:FCEF) saw a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 2,000 shares, a decrease of 84.3% from the March 31st total of 12,700 shares. Based on an average trading volume of 9,300 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are short sold.

Hedge Funds Weigh In On First Trust Income Opportunities ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FCEF. Aurora Private Wealth Inc. raised its position in First Trust Income Opportunities ETF by 14.2% in the 4th quarter. Aurora Private Wealth Inc. now owns 15,001 shares of the company’s stock valued at $324,000 after buying an additional 1,864 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in First Trust Income Opportunities ETF by 108.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 19,026 shares of the company’s stock valued at $411,000 after acquiring an additional 9,888 shares during the period. Boyce & Associates Wealth Consulting Inc. raised its stake in First Trust Income Opportunities ETF by 75.9% in the 4th quarter. Boyce & Associates Wealth Consulting Inc. now owns 25,098 shares of the company’s stock valued at $542,000 after acquiring an additional 10,826 shares during the period. LPL Financial LLC boosted its position in First Trust Income Opportunities ETF by 7.9% during the fourth quarter. LPL Financial LLC now owns 157,699 shares of the company’s stock worth $3,408,000 after purchasing an additional 11,558 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in shares of First Trust Income Opportunities ETF by 17.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 93,413 shares of the company’s stock valued at $2,026,000 after purchasing an additional 14,185 shares during the last quarter.

First Trust Income Opportunities ETF Trading Up 0.3 %

Shares of NASDAQ:FCEF traded up $0.06 during trading on Monday, hitting $21.00. 2,295 shares of the company’s stock traded hands, compared to its average volume of 7,713. The company has a market cap of $42.21 million, a price-to-earnings ratio of 20.75 and a beta of 0.83. The company has a 50-day moving average price of $21.24 and a 200-day moving average price of $21.77. First Trust Income Opportunities ETF has a 52 week low of $18.85 and a 52 week high of $22.64.

First Trust Income Opportunities ETF Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 11th will be issued a dividend of $0.135 per share. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 7.71%.

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.