Short Interest in First Trust Income Opportunities ETF (NASDAQ:FCEF) Increases By 24.5%

First Trust Income Opportunities ETF (NASDAQ:FCEF) was the target of a large increase in short interest in March. As of March 31st, there was short interest totalling 12,700 shares, an increase of 24.5% from the March 15th total of 10,200 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average trading volume of 10,100 shares, the days-to-cover ratio is currently 1.3 days.

First Trust Income Opportunities ETF Stock Performance

NASDAQ FCEF opened at $20.11 on Tuesday. The firm’s 50 day moving average price is $21.36 and its two-hundred day moving average price is $21.81. First Trust Income Opportunities ETF has a twelve month low of $18.85 and a twelve month high of $22.64. The stock has a market cap of $40.42 million, a price-to-earnings ratio of 19.86 and a beta of 0.95.

First Trust Income Opportunities ETF Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 11th will be issued a dividend of $0.135 per share. The ex-dividend date is Friday, April 11th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 8.06%.

Institutional Investors Weigh In On First Trust Income Opportunities ETF

Several hedge funds have recently bought and sold shares of the business. LPL Financial LLC grew its stake in First Trust Income Opportunities ETF by 7.9% during the 4th quarter. LPL Financial LLC now owns 157,699 shares of the company’s stock valued at $3,408,000 after acquiring an additional 11,558 shares in the last quarter. Boyce & Associates Wealth Consulting Inc. grew its position in First Trust Income Opportunities ETF by 75.9% during the fourth quarter. Boyce & Associates Wealth Consulting Inc. now owns 25,098 shares of the company’s stock valued at $542,000 after purchasing an additional 10,826 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in First Trust Income Opportunities ETF by 108.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 19,026 shares of the company’s stock valued at $411,000 after buying an additional 9,888 shares during the period. Raymond James Financial Inc. acquired a new position in First Trust Income Opportunities ETF in the 4th quarter valued at approximately $2,715,000. Finally, Aurora Private Wealth Inc. boosted its stake in shares of First Trust Income Opportunities ETF by 14.2% during the 4th quarter. Aurora Private Wealth Inc. now owns 15,001 shares of the company’s stock valued at $324,000 after buying an additional 1,864 shares during the period.

About First Trust Income Opportunities ETF

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.