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 in the month of July. As of July 31st, there was short interest totaling 1,660 shares, a decrease of 68.6% from the July 15th total of 5,294 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 64,065 shares, the days-to-cover ratio is currently 0.0 days.

First Trust SSI Strategic Convertible Securities ETF Trading Up 0.5%

Shares of NASDAQ:FCVT traded up $0.24 during trading on Friday, reaching $51.91. 9,043 shares of the stock were exchanged, compared to its average volume of 29,128. First Trust SSI Strategic Convertible Securities ETF has a 12 month low of $39.22 and a 12 month high of $54.90. The stock has a 50-day moving average price of $51.35 and a 200-day moving average price of $48.97.

First Trust SSI Strategic Convertible Securities ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 21st were issued a dividend of $0.045 per share. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Tuesday, July 21st.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada grew its stake in shares of First Trust SSI Strategic Convertible Securities ETF by 14.4% in the first quarter. Royal Bank of Canada now owns 70,695 shares of the company’s stock valued at $2,468,000 after acquiring an additional 8,908 shares in the last quarter. Jane Street Group LLC boosted its holdings in First Trust SSI Strategic Convertible Securities ETF by 50.2% in the 1st quarter. Jane Street Group LLC now owns 17,876 shares of the company’s stock valued at $624,000 after purchasing an additional 5,974 shares during the period. JPMorgan Chase & Co. boosted its holdings in First Trust SSI Strategic Convertible Securities ETF by 23.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 12,963 shares of the company’s stock valued at $503,000 after purchasing an additional 2,487 shares during the period. Raymond James Financial Inc. grew its position in shares of First Trust SSI Strategic Convertible Securities ETF by 3.3% during the 3rd quarter. Raymond James Financial Inc. now owns 89,532 shares of the company’s stock worth $3,829,000 after purchasing an additional 2,844 shares in the last quarter. Finally, Bank of America Corp DE raised its position in shares of First Trust SSI Strategic Convertible Securities ETF by 5.6% in the third quarter. Bank of America Corp DE now owns 40,958 shares of the company’s stock valued at $1,752,000 after buying an additional 2,177 shares in the last quarter.

First Trust SSI Strategic Convertible Securities ETF Company Profile

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.