Short Interest in First Trust Senior Floating Rate Income Fund II (NYSE:FCT) Decreases By 47.0%

First Trust Senior Floating Rate Income Fund II (NYSE:FCT) saw a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 61,700 shares, a decrease of 47.0% from the February 28th total of 116,500 shares. Based on an average daily volume of 110,300 shares, the short-interest ratio is currently 0.6 days.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Avior Wealth Management LLC grew its holdings in shares of First Trust Senior Floating Rate Income Fund II by 22.1% during the fourth quarter. Avior Wealth Management LLC now owns 7,749 shares of the investment management company’s stock worth $80,000 after purchasing an additional 1,400 shares during the last quarter. SeaCrest Wealth Management LLC boosted its position in shares of First Trust Senior Floating Rate Income Fund II by 10.8% in the 4th quarter. SeaCrest Wealth Management LLC now owns 17,152 shares of the investment management company’s stock valued at $178,000 after purchasing an additional 1,669 shares during the period. Invesco Ltd. grew its stake in 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 worth $3,940,000 after buying an additional 2,560 shares during the last quarter. Cetera Investment Advisers increased its position in First Trust Senior Floating Rate Income Fund II by 5.7% during the fourth quarter. Cetera Investment Advisers now owns 49,292 shares of the investment management company’s stock worth $510,000 after buying an additional 2,672 shares during the period. Finally, Envestnet Asset Management Inc. lifted its stake in First Trust Senior Floating Rate Income Fund II by 10.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 30,238 shares of the investment management company’s stock valued at $313,000 after buying an additional 2,898 shares during the last quarter.

First Trust Senior Floating Rate Income Fund II Stock Performance

FCT stock remained flat at $10.17 during midday trading on Friday. 133,665 shares of the company’s stock were exchanged, compared to its average volume of 126,718. First Trust Senior Floating Rate Income Fund II has a 12 month low of $9.76 and a 12 month high of $10.93. The company’s fifty day moving average price is $10.32 and its 200-day moving average price is $10.34.

First Trust Senior Floating Rate Income Fund II Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be paid a dividend of $0.097 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $1.16 annualized dividend and a yield of 11.45%.

About First Trust Senior Floating Rate Income Fund II

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.