First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) Stock Short Interest Report for October

First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 65,212 shares, a growth of 167.0% from the September 30th total of 24,421 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 272,057 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On First Trust Structured Credit Income Opportunities ETF

Several hedge funds have recently modified their holdings of SCIO. Ferguson Shapiro LLC increased its holdings in shares of First Trust Structured Credit Income Opportunities ETF by 16.0% in the second quarter. Ferguson Shapiro LLC now owns 972,151 shares of the company’s stock valued at $20,094,000 after purchasing an additional 134,283 shares during the last quarter. Kestra Advisory Services LLC grew its stake in shares of First Trust Structured Credit Income Opportunities ETF by 2,317.8% in the first quarter. Kestra Advisory Services LLC now owns 568,187 shares of the company’s stock valued at $11,727,000 after acquiring an additional 544,687 shares in the last quarter. Royal Bank of Canada bought a new stake in shares of First Trust Structured Credit Income Opportunities ETF in the first quarter valued at approximately $8,006,000. First Heartland Consultants Inc. acquired a new stake in First Trust Structured Credit Income Opportunities ETF during the third quarter worth approximately $7,337,000. Finally, Beaumont Financial Advisors LLC acquired a new position in First Trust Structured Credit Income Opportunities ETF in the 1st quarter valued at $7,243,000. Institutional investors own 0.83% of the company’s stock.

First Trust Structured Credit Income Opportunities ETF Trading Up 0.1%

Shares of NYSEARCA:SCIO traded up $0.02 during mid-day trading on Thursday, reaching $20.11. The stock had a trading volume of 263,536 shares, compared to its average volume of 233,361. First Trust Structured Credit Income Opportunities ETF has a twelve month low of $19.89 and a twelve month high of $21.69. The firm has a market cap of $548.00 million, a PE ratio of -265.59 and a beta of 0.09. The firm has a 50 day simple moving average of $20.21 and a two-hundred day simple moving average of $20.58.

First Trust Structured Credit Income Opportunities ETF Company Profile

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.