Short Interest in First Trust SSI Strategic Convertible Securities ETF (NASDAQ:FCVT) Drops By 57.4%

First Trust SSI Strategic Convertible Securities ETF (NASDAQ:FCVT) saw a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 1,967 shares, a decrease of 57.4% from the April 30th total of 4,616 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 21,283 shares, the short-interest ratio is presently 0.1 days.

First Trust SSI Strategic Convertible Securities ETF Stock Up 0.0%

NASDAQ FCVT traded up $0.01 during trading on Friday, hitting $53.21. The stock had a trading volume of 18,256 shares, compared to its average volume of 28,586. First Trust SSI Strategic Convertible Securities ETF has a one year low of $36.64 and a one year high of $53.49. The stock has a 50 day simple moving average of $48.68 and a 200 day simple moving average of $46.01.

First Trust SSI Strategic Convertible Securities ETF Dividend Announcement

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

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

Large investors have recently bought and sold shares of the business. Rockefeller Capital Management L.P. grew 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 valued at $30,000 after acquiring an additional 340 shares during the last quarter. Stratos Wealth Partners LTD. lifted its position in shares of First Trust SSI Strategic Convertible Securities ETF by 2.6% during the third quarter. Stratos Wealth Partners LTD. now owns 13,780 shares of the company’s stock worth $589,000 after purchasing an additional 351 shares during the last quarter. Proactive Wealth Strategies LLC boosted its stake in shares of First Trust SSI Strategic Convertible Securities ETF by 0.9% during the third quarter. Proactive Wealth Strategies LLC now owns 43,133 shares of the company’s stock valued at $1,845,000 after purchasing an additional 383 shares during the period. Caldwell Trust Co purchased a new stake in shares of First Trust SSI Strategic Convertible Securities ETF during the fourth quarter valued at $28,000. Finally, Western Wealth Management LLC bought a new position in shares of First Trust SSI Strategic Convertible Securities ETF in the first quarter worth about $35,000.

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.