First Trust SSI Strategic Convertible Securities ETF (NASDAQ:FCVT) Sees Significant Decline in Short Interest

First Trust SSI Strategic Convertible Securities ETF (NASDAQ:FCVT) saw a significant decrease in short interest in the month of April. As of April 15th, there was short interest totaling 642 shares, a decrease of 70.0% from the March 31st total of 2,139 shares. Based on an average daily trading volume, of 23,260 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

First Trust SSI Strategic Convertible Securities ETF Trading Down 0.1%

Shares of FCVT traded down $0.07 during trading hours on Monday, hitting $48.94. 54,024 shares of the stock were exchanged, compared to its average volume of 30,374. First Trust SSI Strategic Convertible Securities ETF has a fifty-two week low of $34.86 and a fifty-two week high of $49.74. The business has a 50-day moving average of $46.09 and a 200-day moving average of $44.86.

First Trust SSI Strategic Convertible Securities ETF Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, April 30th. Investors of record on Tuesday, April 21st will be paid a dividend of $0.045 per share. The ex-dividend date of this dividend is Tuesday, April 21st. This represents a c) annualized dividend and a yield of 1.1%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Caldwell Trust Co bought a new position in shares of First Trust SSI Strategic Convertible Securities ETF in the fourth quarter valued at $28,000. Rockefeller Capital Management L.P. increased its holdings in First Trust SSI Strategic Convertible Securities ETF by 97.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 689 shares of the company’s stock worth $30,000 after buying an additional 340 shares during the last quarter. Merkkuri Wealth Advisors LLC purchased a new stake in First Trust SSI Strategic Convertible Securities ETF during the first quarter worth about $52,000. Advisory Services Network LLC purchased a new position in shares of First Trust SSI Strategic Convertible Securities ETF in the third quarter worth about $78,000. Finally, International Assets Investment Management LLC purchased a new position in shares of First Trust SSI Strategic Convertible Securities ETF in the fourth quarter worth about $112,000.

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.