First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) Short Interest Down 68.9% in July

First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 72,426 shares, a drop of 68.9% from the June 30th total of 232,636 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 180,442 shares, the short-interest ratio is currently 0.4 days.

Institutional Trading of First Trust Structured Credit Income Opportunities ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in SCIO. Crux Wealth Advisors bought a new position in shares of First Trust Structured Credit Income Opportunities ETF in the 4th quarter valued at about $2,721,000. Delta Investment Management LLC raised its stake in shares of First Trust Structured Credit Income Opportunities ETF by 48.0% during the fourth quarter. Delta Investment Management LLC now owns 254,274 shares of the company’s stock worth $5,289,000 after buying an additional 82,519 shares during the last quarter. Capital Investment Counsel LLC raised its stake in shares of First Trust Structured Credit Income Opportunities ETF by 305.8% during the first quarter. Capital Investment Counsel LLC now owns 455,240 shares of the company’s stock worth $9,396,000 after buying an additional 343,046 shares during the last quarter. Meridian Wealth Management LLC acquired a new position in First Trust Structured Credit Income Opportunities ETF in the fourth quarter valued at approximately $1,343,000. Finally, Independent Wealth Network Inc. acquired a new position in First Trust Structured Credit Income Opportunities ETF in the first quarter valued at approximately $1,561,000. 0.83% of the stock is owned by institutional investors.

First Trust Structured Credit Income Opportunities ETF Price Performance

Shares of SCIO stock traded up $0.04 on Monday, reaching $20.50. 184,374 shares of the stock were exchanged, compared to its average volume of 209,965. First Trust Structured Credit Income Opportunities ETF has a one year low of $20.40 and a one year high of $21.69. The stock has a market cap of $496.10 million, a PE ratio of -270.75 and a beta of 0.07. The stock has a 50 day moving average price of $20.62 and a 200 day moving average price of $20.73.

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.