First Trust SSI Strategic Convertible Securities ETF (NASDAQ:FCVT) Short Interest Update

First Trust SSI Strategic Convertible Securities ETF (NASDAQ:FCVT) was the recipient of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 6,796 shares, an increase of 245.5% from the May 14th total of 1,967 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average trading volume of 23,084 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On First Trust SSI Strategic Convertible Securities ETF

Large investors have recently added to or reduced their stakes in the business. Caldwell Trust Co purchased a new position in First Trust SSI Strategic Convertible Securities ETF in the 4th quarter worth $28,000. Rockefeller Capital Management L.P. raised its position in First Trust SSI Strategic Convertible Securities ETF by 97.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 689 shares of the company’s stock worth $30,000 after purchasing an additional 340 shares during the period. Western Wealth Management LLC purchased a new position in First Trust SSI Strategic Convertible Securities ETF in the 1st quarter worth $35,000. Merkkuri Wealth Advisors LLC purchased a new position in First Trust SSI Strategic Convertible Securities ETF in the 1st quarter worth $52,000. Finally, Advisory Services Network LLC purchased a new position in First Trust SSI Strategic Convertible Securities ETF in the 3rd quarter worth $78,000.

First Trust SSI Strategic Convertible Securities ETF Trading Up 2.6%

Shares of FCVT traded up $1.31 during mid-day trading on Thursday, reaching $52.07. The company’s stock had a trading volume of 26,047 shares, compared to its average volume of 28,006. The company’s fifty day moving average price is $49.97 and its two-hundred day moving average price is $46.57. First Trust SSI Strategic Convertible Securities ETF has a 52 week low of $37.16 and a 52 week high of $54.69.

First Trust SSI Strategic Convertible Securities ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, May 29th. Investors of record on Thursday, May 21st were given a $0.045 dividend. This represents a c) dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Thursday, May 21st.

About First Trust SSI Strategic Convertible Securities ETF

The First Trust SSI Strategic Convertible Securities ETF (FCVT) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund of convertible securities from within and outside the US. FCVT was launched on Nov 4, 2015 and is managed by First Trust.