First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) Stock Short Interest Report for October

First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 65,212 shares, a growth of 167.0% from the September 30th total of 24,421 shares. Based on an average daily trading volume, of 272,057 shares, the short-interest ratio is currently 0.2 days. Currently, 0.2% of the shares of the stock are short sold.

First Trust Structured Credit Income Opportunities ETF Stock Up 0.1%

Shares of NYSEARCA:SCIO traded up $0.02 during trading on Thursday, hitting $20.11. 263,536 shares of the company were exchanged, compared to its average volume of 233,361. First Trust Structured Credit Income Opportunities ETF has a 1-year low of $19.89 and a 1-year high of $21.69. The company has a market capitalization of $548.00 million, a P/E ratio of -265.59 and a beta of 0.09. The business’s 50 day moving average is $20.21 and its 200-day moving average is $20.58.

Hedge Funds Weigh In On First Trust Structured Credit Income Opportunities ETF

Large investors have recently bought and sold shares of the company. Ferguson Shapiro LLC increased its stake in shares of First Trust Structured Credit Income Opportunities ETF by 16.0% in the second quarter. Ferguson Shapiro LLC now owns 972,151 shares of the company’s stock valued at $20,094,000 after buying an additional 134,283 shares during the period. Kestra Advisory Services LLC raised its stake in shares of First Trust Structured Credit Income Opportunities ETF by 2,317.8% during the first quarter. Kestra Advisory Services LLC now owns 568,187 shares of the company’s stock valued at $11,727,000 after acquiring an additional 544,687 shares during the last quarter. Royal Bank of Canada acquired a new position in shares of First Trust Structured Credit Income Opportunities ETF during the first quarter worth $8,006,000. First Heartland Consultants Inc. acquired a new position in shares of First Trust Structured Credit Income Opportunities ETF during the third quarter worth $7,337,000. Finally, Beaumont Financial Advisors LLC acquired a new position in shares of First Trust Structured Credit Income Opportunities ETF during the first quarter worth $7,243,000. 0.83% of the stock is currently owned by institutional investors.

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.