First Trust Income Opportunities ETF (NASDAQ:FCEF) Short Interest Update

First Trust Income Opportunities ETF (NASDAQ:FCEF) was the target of a significant growth in short interest in February. As of February 13th, there was short interest totaling 39,241 shares, a growth of 85.8% from the January 29th total of 21,119 shares. Based on an average daily trading volume, of 26,104 shares, the days-to-cover ratio is presently 1.5 days. Approximately 1.3% of the shares of the stock are short sold. Approximately 1.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 26,104 shares, the days-to-cover ratio is presently 1.5 days.

First Trust Income Opportunities ETF Trading Down 0.4%

NASDAQ:FCEF opened at $23.71 on Monday. The company’s 50-day moving average price is $23.37 and its 200-day moving average price is $22.98. The company has a market cap of $69.95 million, a P/E ratio of 19.88 and a beta of 0.85. First Trust Income Opportunities ETF has a twelve month low of $18.85 and a twelve month high of $23.88.

First Trust Income Opportunities ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Wednesday, February 11th were paid a $0.135 dividend. This represents a c) dividend on an annualized basis and a yield of 6.8%. The ex-dividend date of this dividend was Wednesday, February 11th.

Institutional Investors Weigh In On First Trust Income Opportunities ETF

A number of large investors have recently made changes to their positions in FCEF. Boyce & Associates Wealth Consulting Inc. lifted its position in First Trust Income Opportunities ETF by 55.8% during the third quarter. Boyce & Associates Wealth Consulting Inc. now owns 60,004 shares of the company’s stock worth $1,373,000 after buying an additional 21,490 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in First Trust Income Opportunities ETF by 58.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 56,788 shares of the company’s stock valued at $1,304,000 after buying an additional 21,030 shares in the last quarter. Aurora Private Wealth Inc. acquired a new stake in shares of First Trust Income Opportunities ETF in the 4th quarter worth $469,000. Smith Moore & CO. raised its holdings in shares of First Trust Income Opportunities ETF by 153.0% during the 4th quarter. Smith Moore & CO. now owns 30,175 shares of the company’s stock worth $693,000 after acquiring an additional 18,250 shares during the period. Finally, International Assets Investment Management LLC purchased a new position in shares of First Trust Income Opportunities ETF during the 4th quarter worth $414,000.

About First Trust Income Opportunities ETF

The First Trust Income Opportunity ETF (FCEF) is an exchange-traded fund that is based on the S-Network Composite Closed-End Fund index. The fund is an actively managed ETF that holds closed-end funds to get exposure to US and non-US equity, fixed income securities, and commodities. The fund’s primary objective is to provide current income. FCEF was launched on Sep 27, 2016 and is managed by First Trust.