First Trust Senior Floating Rate Income Fund II (NYSE:FCT) Short Interest Update

First Trust Senior Floating Rate Income Fund II (NYSE:FCT) saw a large growth in short interest in October. As of October 31st, there was short interest totalling 59,300 shares, a growth of 27.0% from the October 15th total of 46,700 shares. Based on an average daily trading volume, of 101,700 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Trading of First Trust Senior Floating Rate Income Fund II

Several large investors have recently bought and sold shares of FCT. Penserra Capital Management LLC bought a new position in shares of First Trust Senior Floating Rate Income Fund II in the third quarter worth about $7,637,000. Pathstone Holdings LLC boosted its position in First Trust Senior Floating Rate Income Fund II by 522.4% in the third quarter. Pathstone Holdings LLC now owns 494,547 shares of the investment management company’s stock valued at $5,124,000 after buying an additional 415,084 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in First Trust Senior Floating Rate Income Fund II by 20.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 449,632 shares of the investment management company’s stock worth $4,658,000 after acquiring an additional 76,268 shares during the last quarter. City of London Investment Management Co. Ltd. increased its position in First Trust Senior Floating Rate Income Fund II by 10.1% in the 1st quarter. City of London Investment Management Co. Ltd. now owns 407,784 shares of the investment management company’s stock valued at $4,221,000 after acquiring an additional 37,262 shares during the period. Finally, Commonwealth Equity Services LLC raised its stake in shares of First Trust Senior Floating Rate Income Fund II by 17.4% during the second quarter. Commonwealth Equity Services LLC now owns 305,460 shares of the investment management company’s stock valued at $3,079,000 after acquiring an additional 45,163 shares during the last quarter.

First Trust Senior Floating Rate Income Fund II Stock Performance

Shares of NYSE FCT traded up $0.07 during trading hours on Friday, hitting $10.39. 63,916 shares of the stock were exchanged, compared to its average volume of 125,793. The company’s fifty day simple moving average is $10.33 and its two-hundred day simple moving average is $10.30. First Trust Senior Floating Rate Income Fund II has a 1-year low of $9.64 and a 1-year high of $10.93.

First Trust Senior Floating Rate Income Fund II Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be issued a dividend of $0.097 per share. The ex-dividend date is Friday, November 1st. This represents a $1.16 dividend on an annualized basis and a dividend yield of 11.20%.

First Trust Senior Floating Rate Income Fund II Company Profile

First Trust Senior Floating Rate Income Fund II is a closed-ended fixed income mutual fund launched and managed by First Trust Advisors L.P. The fund invests in the fixed income markets of the United States. It seeks to invest in a portfolio of senior secured floating rate corporate loans. The fund benchmarks the performance of its portfolio against the S&P/LSTA Leveraged Loan Index.