First Trust/Aberdeen Emerging Opportunity Fund (NYSE:FEO) Short Interest Update

First Trust/Aberdeen Emerging Opportunity Fund (NYSE:FEO – Get Rating) was the target of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 1,900 shares, a decrease of 32.1% from the March 31st total of 2,800 shares. Based on an average trading volume of 24,800 shares, the days-to-cover ratio is presently 0.1 days.

Shares of First Trust/Aberdeen Emerging Opportunity Fund stock opened at $9.47 on Friday. The business has a 50 day simple moving average of $10.39 and a two-hundred day simple moving average of $12.50. First Trust/Aberdeen Emerging Opportunity Fund has a 12 month low of $8.98 and a 12 month high of $15.88.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Wednesday, March 23rd were issued a dividend of $0.25 per share. The ex-dividend date was Tuesday, March 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.56%.

Several institutional investors have recently made changes to their positions in FEO. Wolverine Asset Management LLC acquired a new position in shares of First Trust/Aberdeen Emerging Opportunity Fund during the fourth quarter valued at approximately $40,000. Bank of America Corp DE raised its holdings in shares of First Trust/Aberdeen Emerging Opportunity Fund by 35.6% during the second quarter. Bank of America Corp DE now owns 11,084 shares of the company’s stock valued at $167,000 after acquiring an additional 2,909 shares during the last quarter. NewEdge Advisors LLC acquired a new position in shares of First Trust/Aberdeen Emerging Opportunity Fund during the fourth quarter valued at approximately $455,000. Raymond James Financial Services Advisors Inc. raised its holdings in shares of First Trust/Aberdeen Emerging Opportunity Fund by 43.8% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 54,698 shares of the company’s stock valued at $793,000 after acquiring an additional 16,653 shares during the last quarter. Finally, Morgan Stanley raised its holdings in shares of First Trust/Aberdeen Emerging Opportunity Fund by 8.5% during the second quarter. Morgan Stanley now owns 339,993 shares of the company’s stock valued at $5,134,000 after acquiring an additional 26,494 shares during the last quarter.

About First Trust/Aberdeen Emerging Opportunity Fund (Get Rating)

First Trust/Aberdeen Emerging Opportunity Fund is a closed-ended balanced mutual fund launched and managed by First Trust Advisors L.P. It is co-managed by Aberdeen Asset Management Inc The fund invests in public equity and fixed income markets of global emerging countries. It seeks to invest in the stocks of companies operating across the diversified sectors.

See Also