First Trust Income Opportunities ETF (NASDAQ:FCEF) Short Interest Down 38.4% in March

First Trust Income Opportunities ETF (NASDAQ:FCEF) was the target of a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 13,701 shares, a drop of 38.4% from the February 26th total of 22,231 shares. Based on an average daily volume of 17,259 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.5% of the shares of the stock are short sold.

First Trust Income Opportunities ETF Stock Performance

Shares of FCEF traded down $0.25 during mid-day trading on Friday, hitting $22.06. 3,098 shares of the company were exchanged, compared to its average volume of 20,912. The stock has a market cap of $65.08 million, a price-to-earnings ratio of 19.88 and a beta of 0.85. First Trust Income Opportunities ETF has a 1-year low of $18.85 and a 1-year high of $23.89. The company has a 50 day moving average of $23.30 and a 200-day moving average of $23.00.

First Trust Income Opportunities ETF Dividend Announcement

The company also recently announced a dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 11th will be issued a dividend of $0.1375 per share. The ex-dividend date of this dividend is Wednesday, March 11th.

Institutional Trading of First Trust Income Opportunities ETF

A number of institutional investors have recently made changes to their positions in FCEF. Envestnet Asset Management Inc. purchased a new position in shares of First Trust Income Opportunities ETF during the 2nd quarter worth $256,000. Osaic Holdings Inc. grew its holdings in shares of First Trust Income Opportunities ETF by 7.7% in the fourth quarter. Osaic Holdings Inc. now owns 45,192 shares of the company’s stock valued at $1,038,000 after purchasing an additional 3,213 shares during the period. Cetera Investment Advisers increased its position in First Trust Income Opportunities ETF by 19.2% during the fourth quarter. Cetera Investment Advisers now owns 41,439 shares of the company’s stock worth $952,000 after purchasing an additional 6,664 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in First Trust Income Opportunities ETF during the fourth quarter worth about $102,000. Finally, Harbour Investments Inc. raised its stake in First Trust Income Opportunities ETF by 104.9% during the fourth quarter. Harbour Investments Inc. now owns 32,210 shares of the company’s stock worth $740,000 after purchasing an additional 16,490 shares during the period.

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.