First Trust Income Opportunity ETF (NASDAQ:FCEF) Short Interest Update

First Trust Income Opportunity ETF (NASDAQ:FCEFGet Rating) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totalling 1,900 shares, a growth of 11.8% from the August 15th total of 1,700 shares. Based on an average daily volume of 4,500 shares, the short-interest ratio is currently 0.4 days.

First Trust Income Opportunity ETF Stock Performance

NASDAQ:FCEF opened at $19.70 on Wednesday. First Trust Income Opportunity ETF has a one year low of $19.13 and a one year high of $26.15. The business has a fifty day moving average price of $20.86 and a 200-day moving average price of $21.31.

First Trust Income Opportunity ETF Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, September 30th. Stockholders of record on Wednesday, September 14th will be paid a $0.117 dividend. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $1.40 annualized dividend and a dividend yield of 7.13%.

Institutional Investors Weigh In On First Trust Income Opportunity ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. purchased a new stake in First Trust Income Opportunity ETF in the 4th quarter worth $218,000. LPL Financial LLC increased its stake in First Trust Income Opportunity ETF by 3.2% in the 4th quarter. LPL Financial LLC now owns 166,358 shares of the company’s stock worth $4,265,000 after buying an additional 5,149 shares in the last quarter. Sterling Manor Financial LLC increased its stake in First Trust Income Opportunity ETF by 0.9% in the 1st quarter. Sterling Manor Financial LLC now owns 78,538 shares of the company’s stock worth $1,849,000 after buying an additional 719 shares in the last quarter. Capital Investment Advisory Services LLC increased its stake in First Trust Income Opportunity ETF by 8.3% in the 1st quarter. Capital Investment Advisory Services LLC now owns 289,148 shares of the company’s stock worth $6,807,000 after buying an additional 22,180 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in First Trust Income Opportunity ETF by 11.1% in the 1st quarter. Commonwealth Equity Services LLC now owns 12,218 shares of the company’s stock worth $287,000 after buying an additional 1,219 shares in the last quarter.

Further Reading

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