First Trust Senior Floating Rate Income Fund II (NYSE:FCT) Short Interest Up 48.4% in February

First Trust Senior Floating Rate Income Fund II (NYSE:FCT) was the recipient of a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 108,500 shares, a growth of 48.4% from the January 31st total of 73,100 shares. Based on an average daily volume of 117,300 shares, the short-interest ratio is currently 0.9 days.

Insider Transactions at First Trust Senior Floating Rate Income Fund II

In other First Trust Senior Floating Rate Income Fund II news, insider James A. Bowen sold 3,955 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $10.41, for a total value of $41,171.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Institutional Investors Weigh In On First Trust Senior Floating Rate Income Fund II

Large investors have recently bought and sold shares of the business. Penserra Capital Management LLC purchased a new position in shares of First Trust Senior Floating Rate Income Fund II during the third quarter valued at approximately $7,637,000. Pathstone Holdings LLC grew its position in First Trust Senior Floating Rate Income Fund II by 38.4% in the 4th quarter. Pathstone Holdings LLC now owns 684,329 shares of the investment management company’s stock worth $7,083,000 after purchasing an additional 189,782 shares during the period. Guggenheim Capital LLC grew its position in First Trust Senior Floating Rate Income Fund II by 14.4% in the 4th quarter. Guggenheim Capital LLC now owns 660,702 shares of the investment management company’s stock worth $6,838,000 after purchasing an additional 83,093 shares during the period. Advisors Asset Management Inc. raised its stake in First Trust Senior Floating Rate Income Fund II by 25.6% during the 4th quarter. Advisors Asset Management Inc. now owns 564,847 shares of the investment management company’s stock valued at $5,846,000 after buying an additional 115,215 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of First Trust Senior Floating Rate Income Fund II by 0.7% during the 4th quarter. Invesco Ltd. now owns 380,667 shares of the investment management company’s stock valued at $3,940,000 after buying an additional 2,560 shares during the period.

First Trust Senior Floating Rate Income Fund II Stock Performance

First Trust Senior Floating Rate Income Fund II stock opened at $10.20 on Wednesday. The stock’s 50 day moving average is $10.38 and its 200 day moving average is $10.35. First Trust Senior Floating Rate Income Fund II has a twelve month low of $9.76 and a twelve month 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 Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a $0.097 dividend. This represents a $1.16 annualized dividend and a dividend yield of 11.41%. The ex-dividend date of this dividend is Monday, March 3rd.

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.