Short Interest in First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) Grows By 104.2%

First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 34,554 shares, a growth of 104.2% from the December 15th total of 16,920 shares. Based on an average daily volume of 55,303 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.6% of the shares of the company are short sold. Approximately 0.6% of the shares of the company are short sold. Based on an average daily volume of 55,303 shares, the days-to-cover ratio is currently 0.6 days.

First Trust Structured Credit Income Opportunities ETF Price Performance

First Trust Structured Credit Income Opportunities ETF stock opened at $20.87 on Thursday. First Trust Structured Credit Income Opportunities ETF has a 12 month low of $20.06 and a 12 month high of $22.51. The company has a fifty day moving average price of $20.81 and a two-hundred day moving average price of $20.79. The company has a market cap of $136.70 million, a PE ratio of -275.63 and a beta of 0.08.

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.