First Trust Specialty Finance and Financial Opportunities Fund (NYSE:FGB) Short Interest Down 38.1% in February

First Trust Specialty Finance and Financial Opportunities Fund (NYSE:FGB) was the recipient of a significant decline in short interest during the month of February. As of February 15th, there was short interest totalling 5,200 shares, a decline of 38.1% from the January 31st total of 8,400 shares. Based on an average daily volume of 36,900 shares, the days-to-cover ratio is currently 0.1 days.

First Trust Specialty Finance and Financial Opportunities Fund Stock Up 0.8 %

Shares of NYSE:FGB opened at $4.45 on Tuesday. First Trust Specialty Finance and Financial Opportunities Fund has a 1 year low of $3.49 and a 1 year high of $4.64. The stock’s fifty day moving average price is $4.38 and its 200-day moving average price is $4.20.

First Trust Specialty Finance and Financial Opportunities Fund Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 24th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 9.00%. The ex-dividend date of this dividend was Monday, February 24th.

Institutional Trading of First Trust Specialty Finance and Financial Opportunities Fund

A number of institutional investors have recently made changes to their positions in FGB. Two Sigma Securities LLC bought a new position in First Trust Specialty Finance and Financial Opportunities Fund during the fourth quarter valued at approximately $84,000. Quarry LP purchased a new stake in First Trust Specialty Finance and Financial Opportunities Fund during the 4th quarter valued at $86,000. Raymond James Financial Inc. bought a new position in shares of First Trust Specialty Finance and Financial Opportunities Fund during the 4th quarter valued at $307,000. Sit Investment Associates Inc. boosted its stake in shares of First Trust Specialty Finance and Financial Opportunities Fund by 255.1% in the 4th quarter. Sit Investment Associates Inc. now owns 1,010,916 shares of the closed-end fund’s stock worth $4,256,000 after buying an additional 726,220 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of First Trust Specialty Finance and Financial Opportunities Fund in the 4th quarter worth $43,000.

About First Trust Specialty Finance and Financial Opportunities Fund

First Trust Specialty Finance and Financial Opportunities Fund is a closed-ended equity mutual fund launched and managed by First Trust Advisors L.P. It is co-managed by Confluence Investment Management LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating in the specialty finance and other financial sectors.