First Trust Income Opportunities ETF (NASDAQ:FCEF) Shares Shorted: Short Interest Down 68.0% in October

First Trust Income Opportunities ETF (NASDAQ:FCEF) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totaling 4,242 shares, a drop of 68.0% from the September 30th total of 13,274 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 16,910 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On First Trust Income Opportunities ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. NewEdge Advisors LLC increased its holdings in First Trust Income Opportunities ETF by 430.6% during the first quarter. NewEdge Advisors LLC now owns 13,795 shares of the company’s stock worth $310,000 after buying an additional 11,195 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in First Trust Income Opportunities ETF during the first quarter worth $234,000. Envestnet Asset Management Inc. lifted its stake in First Trust Income Opportunities ETF by 47.9% in the second quarter. Envestnet Asset Management Inc. now owns 30,845 shares of the company’s stock valued at $742,000 after acquiring an additional 9,995 shares during the last quarter. Cetera Investment Advisers lifted its stake in First Trust Income Opportunities ETF by 14.4% in the first quarter. Cetera Investment Advisers now owns 47,416 shares of the company’s stock valued at $1,067,000 after acquiring an additional 5,977 shares during the last quarter. Finally, Kestra Advisory Services LLC grew its position in shares of First Trust Income Opportunities ETF by 126.4% in the 1st quarter. Kestra Advisory Services LLC now owns 10,019 shares of the company’s stock valued at $225,000 after acquiring an additional 5,594 shares during the period.

First Trust Income Opportunities ETF Price Performance

NASDAQ:FCEF traded down $0.11 on Friday, hitting $22.92. 29,301 shares of the company’s stock were exchanged, compared to its average volume of 17,268. The firm has a 50-day moving average price of $23.20 and a 200-day moving average price of $23.45. First Trust Income Opportunities ETF has a 52 week low of $21.95 and a 52 week high of $24.35. The company has a market cap of $80.45 million, a P/E ratio of 19.88 and a beta of 0.78.

First Trust Income Opportunities ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, October 30th. Shareholders of record on Wednesday, October 14th were paid a $0.1375 dividend. This represents a $1.65 dividend on an annualized basis and a yield of 7.2%. The ex-dividend date was Wednesday, October 14th.

First Trust Income Opportunities ETF Company Profile

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.