First Trust Specialty Finance and Financial Opportunities Fund (NYSE:FGB) Short Interest Up 5.7% in August

First Trust Specialty Finance and Financial Opportunities Fund (NYSE:FGBGet Rating) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 11,100 shares, a growth of 5.7% from the August 15th total of 10,500 shares. Based on an average trading volume of 38,600 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in FGB. Landscape Capital Management L.L.C. bought a new position in First Trust Specialty Finance and Financial Opportunities Fund during the 2nd quarter worth $33,000. Castle Wealth Management LLC bought a new position in First Trust Specialty Finance and Financial Opportunities Fund during the 2nd quarter worth $49,000. Logan Stone Capital LLC bought a new position in First Trust Specialty Finance and Financial Opportunities Fund during the 4th quarter worth $105,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in First Trust Specialty Finance and Financial Opportunities Fund during the 2nd quarter worth $106,000. Finally, Csenge Advisory Group bought a new position in First Trust Specialty Finance and Financial Opportunities Fund during the 1st quarter worth $138,000.

First Trust Specialty Finance and Financial Opportunities Fund Trading Up 0.9 %

Shares of NYSE FGB opened at $3.28 on Thursday. First Trust Specialty Finance and Financial Opportunities Fund has a twelve month low of $2.82 and a twelve month high of $4.32. The business has a 50 day simple moving average of $3.49 and a 200-day simple moving average of $3.64.

First Trust Specialty Finance and Financial Opportunities Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 31st. Investors of record on Tuesday, August 23rd were paid a dividend of $0.0825 per share. The ex-dividend date was Monday, August 22nd. This represents a $0.33 dividend on an annualized basis and a yield of 10.06%.

About First Trust Specialty Finance and Financial Opportunities Fund

(Get Rating)

First Trust Specialty Finance and Financial Opportunities Fund is a closed-ended equity mutual fund launched and managed by First Trust Advisors L.P. It is co-managed by Confluence Investment Management LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating in the specialty finance and other financial sectors.

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