First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) Sees Significant Decrease in Short Interest

First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) was the target of a significant drop in short interest in April. As of April 15th, there was short interest totaling 46,857 shares, a drop of 66.0% from the March 31st total of 137,964 shares. Based on an average daily trading volume, of 226,439 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.3% of the shares of the stock are short sold.

First Trust Structured Credit Income Opportunities ETF Stock Up 0.1%

Shares of SCIO stock opened at $20.70 on Friday. The stock has a 50-day simple moving average of $20.77 and a 200 day simple moving average of $20.80. First Trust Structured Credit Income Opportunities ETF has a fifty-two week low of $20.21 and a fifty-two week high of $21.78. The stock has a market capitalization of $337.41 million, a P/E ratio of -273.39 and a beta of 0.11.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SCIO. First Trust Advisors LP boosted its stake in First Trust Structured Credit Income Opportunities ETF by 45.0% during the second quarter. First Trust Advisors LP now owns 39,091 shares of the company’s stock valued at $808,000 after buying an additional 12,135 shares in the last quarter. Snowden Capital Advisors LLC bought a new position in First Trust Structured Credit Income Opportunities ETF during the second quarter valued at about $1,687,000. Osaic Holdings Inc. bought a new position in First Trust Structured Credit Income Opportunities ETF during the second quarter valued at about $25,000. Farther Finance Advisors LLC bought a new position in First Trust Structured Credit Income Opportunities ETF during the third quarter valued at about $266,000. Finally, Delta Investment Management LLC acquired a new position in shares of First Trust Structured Credit Income Opportunities ETF in the 3rd quarter valued at $3,565,000. Institutional investors own 0.83% of the company’s stock.

About First Trust Structured Credit Income Opportunities ETF

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.