First Trust Income Opportunity ETF (NASDAQ:FCEF) Short Interest Down 96.5% in April

First Trust Income Opportunity ETF (NASDAQ:FCEFGet Rating) saw a large drop in short interest during the month of April. As of April 30th, there was short interest totalling 600 shares, a drop of 96.5% from the April 15th total of 17,000 shares. Based on an average daily volume of 5,800 shares, the days-to-cover ratio is currently 0.1 days.

Several hedge funds have recently modified their holdings of the company. Sterling Manor Financial LLC raised its stake in shares of First Trust Income Opportunity ETF by 0.9% in the 1st quarter. Sterling Manor Financial LLC now owns 78,538 shares of the company’s stock valued at $1,849,000 after acquiring an additional 719 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in shares of First Trust Income Opportunity ETF by 5.9% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 14,760 shares of the company’s stock valued at $378,000 after acquiring an additional 822 shares during the period. Commonwealth Equity Services LLC raised its stake in shares of First Trust Income Opportunity ETF by 11.1% in the 1st quarter. Commonwealth Equity Services LLC now owns 12,218 shares of the company’s stock valued at $287,000 after acquiring an additional 1,219 shares during the period. Herold Advisors Inc. purchased a new position in shares of First Trust Income Opportunity ETF in the 1st quarter valued at $61,000. Finally, Prospera Financial Services Inc purchased a new position in shares of First Trust Income Opportunity ETF in the 1st quarter valued at $66,000.

Shares of FCEF stock opened at $20.47 on Thursday. The company’s fifty day simple moving average is $22.50 and its 200-day simple moving average is $23.91. First Trust Income Opportunity ETF has a 52 week low of $20.45 and a 52 week high of $26.26.

The firm also recently announced a monthly dividend, which was paid on Friday, April 29th. Stockholders of record on Wednesday, April 13th were paid a $0.117 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 6.86%. The ex-dividend date of this dividend was Tuesday, April 12th. This is an increase from First Trust Income Opportunity ETF’s previous monthly dividend of $0.12.

Further Reading

Receive News & Ratings for First Trust Income Opportunity ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Income Opportunity ETF and related companies with MarketBeat.com's FREE daily email newsletter.