First Trust SSI Strategic Convertible Securities ETF (NASDAQ:FCVT) Short Interest Up 109.5% in June

First Trust SSI Strategic Convertible Securities ETF (NASDAQ:FCVT) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 5,051 shares, a growth of 109.5% from the June 15th total of 2,411 shares. Based on an average trading volume of 17,832 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the company’s stock are sold short.

First Trust SSI Strategic Convertible Securities ETF Trading Down 0.8%

NASDAQ:FCVT traded down $0.43 during trading hours on Wednesday, reaching $50.61. The company had a trading volume of 4,887 shares, compared to its average volume of 26,089. First Trust SSI Strategic Convertible Securities ETF has a twelve month low of $38.97 and a twelve month high of $54.90. The business’s 50-day simple moving average is $52.36 and its two-hundred day simple moving average is $48.16.

First Trust SSI Strategic Convertible Securities ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a $0.045 dividend. This represents a c) dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, June 25th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in FCVT. Caldwell Trust Co acquired a new stake in First Trust SSI Strategic Convertible Securities ETF in the fourth quarter valued at approximately $28,000. Rockefeller Capital Management L.P. raised its position in shares of 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 purchasing an additional 340 shares during the period. Western Wealth Management LLC acquired a new position in shares of First Trust SSI Strategic Convertible Securities ETF during the first quarter worth approximately $35,000. Merkkuri Wealth Advisors LLC bought a new position in shares of First Trust SSI Strategic Convertible Securities ETF in the 1st quarter worth $52,000. Finally, Advisory Services Network LLC bought a new position in shares of First Trust SSI Strategic Convertible Securities ETF in the 3rd quarter worth $78,000.

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.