First Trust Income Opportunities ETF (NASDAQ:FCEF) Short Interest Up 58.5% in August

First Trust Income Opportunities ETF (NASDAQ:FCEF) was the recipient of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 20,086 shares, an increase of 58.5% from the July 30th total of 12,670 shares. Currently, 0.6% of the shares of the company are short sold. Based on an average daily volume of 26,453 shares, the days-to-cover ratio is currently 0.8 days.

First Trust Income Opportunities ETF Stock Down 0.5%

NASDAQ:FCEF opened at $23.95 on Wednesday. The stock’s 50 day moving average price is $23.97 and its 200 day moving average price is $23.59. The company has a market capitalization of $81.43 million, a PE ratio of 19.88 and a beta of 0.77. First Trust Income Opportunities ETF has a 52-week low of $21.95 and a 52-week high of $24.35.

First Trust Income Opportunities ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Monday, August 31st. Stockholders of record on Tuesday, August 11th were issued a $0.1375 dividend. The ex-dividend date of this dividend was Tuesday, August 11th.

Hedge Funds Weigh In On First Trust Income Opportunities ETF

A number of institutional investors have recently modified their holdings of FCEF. Osaic Holdings Inc. boosted its stake in First Trust Income Opportunities ETF by 7.7% during the 4th quarter. Osaic Holdings Inc. now owns 45,192 shares of the company’s stock worth $1,038,000 after purchasing an additional 3,213 shares during the period. Cetera Investment Advisers grew its position in First Trust Income Opportunities ETF by 19.2% during the 4th quarter. Cetera Investment Advisers now owns 41,439 shares of the company’s stock worth $952,000 after purchasing an additional 6,664 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in First Trust Income Opportunities ETF in the fourth quarter valued at $102,000. NewEdge Advisors LLC increased its stake in First Trust Income Opportunities ETF by 430.6% in the first quarter. NewEdge Advisors LLC now owns 13,795 shares of the company’s stock valued at $310,000 after purchasing an additional 11,195 shares during the period. Finally, Western Wealth Management LLC purchased a new stake in shares of First Trust Income Opportunities ETF in the first quarter valued at about $51,000.

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.