First Trust SSI Strategic Convertible Securities ETF (NASDAQ:FCVT) Shares Shorted: Short Interest Up 74.1% in September

First Trust SSI Strategic Convertible Securities ETF (NASDAQ:FCVT) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totaling 989 shares, a growth of 74.1% from the September 15th total of 568 shares. Based on an average daily trading volume, of 21,220 shares, the short-interest ratio is currently 0.0 days. Currently, 0.1% of the shares of the stock are sold short.

First Trust SSI Strategic Convertible Securities ETF Price Performance

First Trust SSI Strategic Convertible Securities ETF stock traded down $0.31 during trading on Thursday, reaching $45.85. The company had a trading volume of 25,687 shares, compared to its average volume of 29,359. The firm’s 50-day simple moving average is $49.54 and its 200 day simple moving average is $50.14. First Trust SSI Strategic Convertible Securities ETF has a 1-year low of $41.00 and a 1-year high of $54.90.

First Trust SSI Strategic Convertible Securities ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were issued a dividend of $0.0450 per share. This represents a $0.54 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, September 24th.

Institutional Trading of First Trust SSI Strategic Convertible Securities ETF

Institutional investors have recently modified their holdings of the stock. Rockefeller Capital Management L.P. lifted its stake 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 buying an additional 340 shares in the last quarter. Continuum Advisory LLC acquired a new stake in First Trust SSI Strategic Convertible Securities ETF in the 2nd quarter worth about $38,000. Western Wealth Management LLC acquired a new stake in First Trust SSI Strategic Convertible Securities ETF in the 1st quarter worth about $35,000. Merkkuri Wealth Advisors LLC purchased a new stake in First Trust SSI Strategic Convertible Securities ETF during the 1st quarter worth approximately $52,000. Finally, Godsey & Gibb Inc. purchased a new stake in First Trust SSI Strategic Convertible Securities ETF during the 3rd quarter worth approximately $59,000.

First Trust SSI Strategic Convertible Securities ETF Company Profile

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.