First Trust Structured Credit Income Opportunities ETF (OTCMKTS:SCIO) Share Price Crosses Above 50-Day Moving Average – Here’s What Happened

First Trust Structured Credit Income Opportunities ETF (OTCMKTS:SCIO)’s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $20.81 and traded as high as $20.88. First Trust Structured Credit Income Opportunities ETF shares last traded at $20.85, with a volume of 183,649 shares traded.

First Trust Structured Credit Income Opportunities ETF Trading Down 0.4%

The firm has a market cap of $149.47 million, a P/E ratio of -274.18 and a beta of 0.08. The company’s 50-day moving average is $20.81 and its two-hundred day moving average is $20.79.

Institutional Investors Weigh In On First Trust Structured Credit Income Opportunities ETF

Hedge funds have recently made changes to their positions in the business. Osaic Holdings Inc. bought a new stake in shares of First Trust Structured Credit Income Opportunities ETF in the second quarter valued at $25,000. Legacy Wealth Managment LLC ID bought a new stake in First Trust Structured Credit Income Opportunities ETF in the 2nd quarter valued at about $35,000. IFP Advisors Inc purchased a new stake in First Trust Structured Credit Income Opportunities ETF during the third quarter valued at about $44,000. N.E.W. Advisory Services LLC boosted its position in First Trust Structured Credit Income Opportunities ETF by 1,321.0% during the third quarter. N.E.W. Advisory Services LLC now owns 7,247 shares of the company’s stock worth $150,000 after purchasing an additional 6,737 shares during the period. Finally, Harbour Investments Inc. increased its stake in shares of First Trust Structured Credit Income Opportunities ETF by 293.4% in the second quarter. Harbour Investments Inc. now owns 7,867 shares of the company’s stock worth $163,000 after purchasing an additional 5,867 shares in the last quarter. 0.83% of the stock is currently owned by institutional investors.

First Trust Structured Credit Income Opportunities ETF Company Profile

First Trust Structured Credit Income Opportunities ETF (OTCMKTS:SCIO) is an actively managed exchange-traded fund designed to provide investors with exposure to structured credit markets. The fund is sponsored by First Trust Advisors L.P., a subsidiary of First Trust Portfolios L.P., and seeks to generate attractive risk-adjusted income through investments in collateralized loan obligations (CLOs) and other structured credit instruments.

The ETF primarily allocates capital to senior secured and investment-grade tranches of CLOs, aiming to benefit from the floating-rate nature of underlying corporate loans and the structural credit enhancements within CLO vehicles.