First Trust Income Opportunities ETF (NASDAQ:FCEF) Short Interest Down 36.2% in June

First Trust Income Opportunities ETF (NASDAQ:FCEF) was the recipient of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 26,690 shares, a decline of 36.2% from the June 15th total of 41,810 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average daily trading volume, of 9,753 shares, the days-to-cover ratio is currently 2.7 days.

First Trust Income Opportunities ETF Stock Performance

Shares of First Trust Income Opportunities ETF stock opened at $23.75 on Friday. The firm has a market cap of $80.75 million, a P/E ratio of 19.88 and a beta of 0.77. The firm’s 50-day simple moving average is $23.76 and its 200-day simple moving average is $23.43. First Trust Income Opportunities ETF has a twelve month low of $21.95 and a twelve month high of $24.12.

First Trust Income Opportunities ETF Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, July 14th will be paid a $0.1375 dividend. The ex-dividend date is Tuesday, July 14th.

Hedge Funds Weigh In On First Trust Income Opportunities ETF

A number of hedge funds have recently modified their holdings of FCEF. Western Wealth Management LLC bought a new stake in First Trust Income Opportunities ETF in the first quarter valued at $51,000. NewEdge Advisors LLC lifted its holdings in shares of First Trust Income Opportunities ETF by 330.6% during the first quarter. NewEdge Advisors LLC now owns 11,195 shares of the company’s stock valued at $252,000 after acquiring an additional 8,595 shares during the period. Cetera Investment Advisers lifted its holdings in shares of First Trust Income Opportunities ETF by 14.4% during the first quarter. Cetera Investment Advisers now owns 47,416 shares of the company’s stock valued at $1,067,000 after acquiring an additional 5,977 shares during the period. Kestra Advisory Services LLC boosted its stake in shares of First Trust Income Opportunities ETF by 126.4% in the 1st quarter. Kestra Advisory Services LLC now owns 10,019 shares of the company’s stock valued at $225,000 after purchasing an additional 5,594 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of First Trust Income Opportunities ETF in the 1st quarter valued at $234,000.

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.