First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) Sees Unusually-High Trading Volume – Time to Buy?

Shares of First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) saw an uptick in trading volume on Friday . Approximately 706,150 shares traded hands during mid-day trading, an increase of 240% from the previous session’s volume of 207,651 shares.The stock last traded at $20.4750 and had previously closed at $20.47.

First Trust Structured Credit Income Opportunities ETF Stock Up 0.1%

The company has a market capitalization of $501.88 million, a P/E ratio of -270.55 and a beta of 0.07. The firm has a fifty day simple moving average of $20.58 and a 200-day simple moving average of $20.66.

Institutional Investors Weigh In On First Trust Structured Credit Income Opportunities ETF

Institutional investors have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. bought a new position in shares of First Trust Structured Credit Income Opportunities ETF during the 2nd quarter worth approximately $25,000. NI Acquisitions Company LLC acquired a new stake in shares of First Trust Structured Credit Income Opportunities ETF during the 2nd quarter valued at $28,000. Raleigh Capital Management Inc. bought a new stake in shares of First Trust Structured Credit Income Opportunities ETF during the first quarter worth about $30,000. Steward Partners Investment Advisory LLC lifted its holdings in shares of First Trust Structured Credit Income Opportunities ETF by 6.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 27,131 shares of the company’s stock worth $564,000 after purchasing an additional 1,670 shares during the period. Finally, Torren Management LLC bought a new position in First Trust Structured Credit Income Opportunities ETF during the 1st quarter worth $39,000. 0.83% of the stock is owned by institutional investors.

About First Trust Structured Credit Income Opportunities ETF

The First Trust Structured Credit Income Opportunities ETF (SCIO) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seeking to maximize long-term income by holding intermediate-term structured credit investments such as RMBS, CMBS, CLOs, and ABS. Securities are of any credit quality. SCIO was launched on Feb 27, 2024 and is issued by First Trust.