Short Interest in First Trust Income Opportunities ETF (NASDAQ:FCEF) Increases By 60.4%

First Trust Income Opportunities ETF (NASDAQ:FCEF) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totaling 12,001 shares, a growth of 60.4% from the March 31st total of 7,483 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 9,082 shares, the days-to-cover ratio is presently 1.3 days.

First Trust Income Opportunities ETF Price Performance

FCEF traded up $0.07 during trading on Monday, hitting $23.50. The company had a trading volume of 3,323 shares, compared to its average volume of 18,012. First Trust Income Opportunities ETF has a 1-year low of $20.93 and a 1-year high of $23.89. The company has a market cap of $74.03 million, a PE ratio of 19.88 and a beta of 0.80. The business has a 50-day moving average of $23.13 and a 200-day moving average of $23.03.

First Trust Income Opportunities ETF Dividend Announcement

The business also recently announced a dividend, which will be paid on Thursday, April 30th. Stockholders of record on Tuesday, April 14th will be paid a $0.1375 dividend. The ex-dividend date is Tuesday, April 14th.

Hedge Funds Weigh In On First Trust Income Opportunities ETF

A number of hedge funds have recently bought and sold shares of the company. GPS Wealth Strategies Group LLC increased its holdings in First Trust Income Opportunities ETF by 449.6% in the third quarter. GPS Wealth Strategies Group LLC now owns 2,748 shares of the company’s stock valued at $63,000 after buying an additional 2,248 shares during the last quarter. Ameritas Advisory Services LLC raised its stake in First Trust Income Opportunities ETF by 31.9% during the third quarter. Ameritas Advisory Services LLC now owns 3,758 shares of the company’s stock valued at $86,000 after buying an additional 908 shares in the last quarter. Kestra Advisory Services LLC bought a new position in First Trust Income Opportunities ETF during the 4th quarter worth approximately $102,000. Janney Montgomery Scott LLC acquired a new position in shares of First Trust Income Opportunities ETF in the 1st quarter worth approximately $234,000. Finally, Smith Moore & CO. acquired a new position in shares of First Trust Income Opportunities ETF in the 3rd quarter worth approximately $273,000.

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