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

First Trust Income Opportunities ETF (NASDAQ:FCEF) was the recipient 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 stock are short sold. Based on an average trading volume of 10,100 shares, the short-interest ratio is presently 1.3 days.

First Trust Income Opportunities ETF Stock Up 0.2 %

Shares of NASDAQ FCEF traded up $0.04 during mid-day trading on Friday, reaching $20.41. 18,855 shares of the company were exchanged, compared to its average volume of 7,720. The firm has a 50-day moving average of $21.40 and a 200 day moving average of $21.83. First Trust Income Opportunities ETF has a 1 year low of $18.85 and a 1 year high of $22.64. The stock has a market cap of $41.02 million, a price-to-earnings ratio of 19.86 and a beta of 0.95.

First Trust Income Opportunities ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 11th will be given a $0.135 dividend. This represents a $1.62 dividend on an annualized basis and a dividend yield of 7.94%. The ex-dividend date of this dividend is Friday, April 11th.

Institutional Trading of First Trust Income Opportunities ETF

A number of institutional investors have recently made changes to their positions in FCEF. Raymond James Financial Inc. acquired a new position in shares of First Trust Income Opportunities ETF in the 4th quarter valued at about $2,715,000. LPL Financial LLC raised its position in First Trust Income Opportunities ETF by 7.9% during the fourth 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. lifted its holdings in First Trust Income Opportunities ETF by 75.9% in the fourth quarter. Boyce & Associates Wealth Consulting Inc. now owns 25,098 shares of the company’s stock valued at $542,000 after acquiring an additional 10,826 shares during the period. Commonwealth Equity Services LLC boosted its position 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 worth $411,000 after purchasing an additional 9,888 shares in the last quarter. Finally, Aurora Private Wealth Inc. boosted its position in First Trust Income Opportunities ETF by 14.2% in the 4th quarter. Aurora Private Wealth Inc. now owns 15,001 shares of the company’s stock worth $324,000 after purchasing an additional 1,864 shares in the last quarter.

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.