Shares of First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO – Get Free Report) saw strong trading volume on Friday . 706,150 shares traded hands during mid-day trading, an increase of 240% from the previous session’s volume of 207,651 shares.The stock last traded at $20.4750 and had previously closed at $20.47.
First Trust Structured Credit Income Opportunities ETF Price Performance
The firm’s fifty day moving average price is $20.58 and its two-hundred day moving average price is $20.66. The stock has a market cap of $501.88 million, a price-to-earnings ratio of -270.55 and a beta of 0.07.
Hedge Funds Weigh In On First Trust Structured Credit Income Opportunities ETF
Several large investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. acquired a new position in First Trust Structured Credit Income Opportunities ETF during the 2nd quarter valued at about $25,000. NI Acquisitions Company LLC purchased a new stake in shares of First Trust Structured Credit Income Opportunities ETF in the second quarter worth approximately $28,000. Raleigh Capital Management Inc. bought a new position in shares of First Trust Structured Credit Income Opportunities ETF in the first quarter valued at approximately $30,000. Torren Management LLC purchased a new position in shares of First Trust Structured Credit Income Opportunities ETF during the first quarter valued at approximately $39,000. Finally, IFP Advisors Inc bought a new stake in First Trust Structured Credit Income Opportunities ETF during the third quarter worth $44,000. 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.
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