First Trust SSI Strategic Convertible Securities ETF (NASDAQ:FCVT) Short Interest Update

First Trust SSI Strategic Convertible Securities ETF (NASDAQ:FCVT) was the recipient of a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 1,967 shares, a decrease of 57.4% from the April 30th total of 4,616 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 21,283 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On First Trust SSI Strategic Convertible Securities ETF

Large investors have recently modified their holdings of the stock. Concurrent Investment Advisors LLC lifted its position in First Trust SSI Strategic Convertible Securities ETF by 112.0% in the fourth quarter. Concurrent Investment Advisors LLC now owns 347,194 shares of the company’s stock worth $14,941,000 after buying an additional 183,410 shares during the last quarter. Jane Street Group LLC increased its position in First Trust SSI Strategic Convertible Securities ETF by 645.7% during the second quarter. Jane Street Group LLC now owns 133,299 shares of the company’s stock valued at $5,173,000 after acquiring an additional 115,423 shares during the last quarter. Private Advisory Group LLC purchased a new stake in shares of First Trust SSI Strategic Convertible Securities ETF in the fourth quarter valued at $3,730,000. Royal Bank of Canada raised its stake in shares of First Trust SSI Strategic Convertible Securities ETF by 49.9% in the fourth quarter. Royal Bank of Canada now owns 88,861 shares of the company’s stock valued at $3,824,000 after acquiring an additional 29,590 shares during the period. Finally, Plus Group Wealth Advisors LLC bought a new stake in shares of First Trust SSI Strategic Convertible Securities ETF in the 4th quarter worth about $1,116,000.

First Trust SSI Strategic Convertible Securities ETF Price Performance

FCVT stock traded up $0.01 during trading on Friday, hitting $53.21. 18,256 shares of the company’s stock traded hands, compared to its average volume of 28,586. The business has a fifty day simple moving average of $48.68 and a 200 day simple moving average of $46.01. First Trust SSI Strategic Convertible Securities ETF has a 52 week low of $36.64 and a 52 week high of $53.49.

First Trust SSI Strategic Convertible Securities ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 21st were paid a $0.045 dividend. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Thursday, May 21st.

About First Trust SSI Strategic Convertible Securities ETF

The First Trust SSI Strategic Convertible Securities ETF (FCVT) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund of convertible securities from within and outside the US. FCVT was launched on Nov 4, 2015 and is managed by First Trust.