First Trust Income Opportunities ETF (NASDAQ:FCEF) Short Interest Update

First Trust Income Opportunities ETF (NASDAQ:FCEF) was the recipient of a significant drop in short interest in September. As of September 15th, there was short interest totaling 14,270 shares, a drop of 49.5% from the August 31st total of 28,250 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average trading volume of 17,276 shares, the days-to-cover ratio is currently 0.8 days.

First Trust Income Opportunities ETF Stock Up 0.1%

FCEF stock traded up $0.02 during trading hours on Wednesday, hitting $22.77. The company’s stock had a trading volume of 13,929 shares, compared to its average volume of 17,792. The company has a market capitalization of $81.05 million, a PE ratio of 19.88 and a beta of 0.77. First Trust Income Opportunities ETF has a 12 month low of $21.95 and a 12 month high of $24.35. The stock has a 50 day moving average price of $23.74 and a two-hundred day moving average price of $23.56.

First Trust Income Opportunities ETF Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 11th will be paid a $0.1375 dividend. This represents a $1.65 dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date is Friday, September 11th.

Institutional Investors Weigh In On First Trust Income Opportunities ETF

Institutional investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC grew its stake in shares of First Trust Income Opportunities ETF by 3.1% in the 2nd quarter. NewEdge Advisors LLC now owns 14,224 shares of the company’s stock valued at $342,000 after purchasing an additional 429 shares during the period. Western Wealth Management LLC acquired a new stake in shares of First Trust Income Opportunities ETF in the first quarter valued at $51,000. Integrated Wealth Concepts LLC raised its stake in shares of First Trust Income Opportunities ETF by 33.0% in the second quarter. Integrated Wealth Concepts LLC now owns 17,684 shares of the company’s stock worth $425,000 after acquiring an additional 4,386 shares during the last quarter. Kestra Advisory Services LLC raised its position in 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 worth $225,000 after purchasing an additional 5,594 shares during the last quarter. Finally, Cetera Investment Advisers lifted its stake 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.

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.