First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) Short Interest Down 53.6% in August

First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 25,695 shares, a decline of 53.6% from the August 15th total of 55,403 shares. Based on an average daily volume of 188,920 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Trading of First Trust Structured Credit Income Opportunities ETF

A number of hedge funds have recently bought and sold shares of SCIO. NI Acquisitions Company LLC bought a new stake in First Trust Structured Credit Income Opportunities ETF during the second quarter valued at approximately $28,000. Raleigh Capital Management Inc. bought a new stake in shares of First Trust Structured Credit Income Opportunities ETF during the 1st quarter valued at $30,000. Torren Management LLC purchased a new stake in shares of First Trust Structured Credit Income Opportunities ETF in the 1st quarter worth $39,000. Noble Wealth Management PBC purchased a new stake in shares of First Trust Structured Credit Income Opportunities ETF in the 2nd quarter worth $98,000. Finally, Integrated Wealth Concepts LLC bought a new position in First Trust Structured Credit Income Opportunities ETF in the 2nd quarter worth $254,000. Hedge funds and other institutional investors own 0.83% of the company’s stock.

First Trust Structured Credit Income Opportunities ETF Price Performance

SCIO remained flat at $20.30 during mid-day trading on Tuesday. 208,633 shares of the company’s stock were exchanged, compared to its average volume of 204,751. The stock’s 50-day moving average is $20.54 and its two-hundred day moving average is $20.64. The firm has a market cap of $497.35 million, a PE ratio of -268.10 and a beta of 0.07. First Trust Structured Credit Income Opportunities ETF has a 1-year low of $20.27 and a 1-year high of $21.69.

First Trust Structured Credit Income Opportunities ETF Company Profile

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.