First Trust Structured Credit Income Opportunities ETF (OTCMKTS:SCIO) Share Price Crosses Below 200 Day Moving Average – What’s Next?

First Trust Structured Credit Income Opportunities ETF (OTCMKTS:SCIO) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $20.80 and traded as low as $20.79. First Trust Structured Credit Income Opportunities ETF shares last traded at $20.82, with a volume of 79,531 shares.

First Trust Structured Credit Income Opportunities ETF Trading Up 0.0%

The firm has a market capitalization of $154.07 million, a price-to-earnings ratio of -274.97 and a beta of 0.08. The company has a fifty day moving average price of $20.81 and a 200-day moving average price of $20.80.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Osaic Holdings Inc. acquired a new stake in shares of First Trust Structured Credit Income Opportunities ETF in the 2nd quarter valued at $25,000. Legacy Wealth Managment LLC ID bought a new position in First Trust Structured Credit Income Opportunities ETF during the second quarter valued at about $35,000. IFP Advisors Inc acquired a new stake in shares of First Trust Structured Credit Income Opportunities ETF in the third quarter worth about $44,000. N.E.W. Advisory Services LLC lifted its position in shares of First Trust Structured Credit Income Opportunities ETF by 1,321.0% in the third quarter. N.E.W. Advisory Services LLC now owns 7,247 shares of the company’s stock worth $150,000 after buying an additional 6,737 shares during the last quarter. Finally, Harbour Investments Inc. boosted its stake in shares of First Trust Structured Credit Income Opportunities ETF by 293.4% during the 2nd quarter. Harbour Investments Inc. now owns 7,867 shares of the company’s stock worth $163,000 after acquiring an additional 5,867 shares in the last quarter. Institutional investors and hedge funds own 0.83% of the company’s stock.

First Trust Structured Credit Income Opportunities ETF Company Profile

First Trust Structured Credit Income Opportunities ETF (OTCMKTS:SCIO) is an actively managed exchange-traded fund designed to provide investors with exposure to structured credit markets. The fund is sponsored by First Trust Advisors L.P., a subsidiary of First Trust Portfolios L.P., and seeks to generate attractive risk-adjusted income through investments in collateralized loan obligations (CLOs) and other structured credit instruments.

The ETF primarily allocates capital to senior secured and investment-grade tranches of CLOs, aiming to benefit from the floating-rate nature of underlying corporate loans and the structural credit enhancements within CLO vehicles.