First Trust/Aberdeen Emerging Opportunity Fund (NYSE:FEO) Short Interest Update

First Trust/Aberdeen Emerging Opportunity Fund (NYSE:FEO) saw a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 7,500 shares, a decrease of 25.7% from the March 31st total of 10,100 shares. Based on an average daily volume of 16,200 shares, the days-to-cover ratio is currently 0.5 days.

Shares of FEO traded down $0.19 during trading hours on Tuesday, hitting $14.81. The company had a trading volume of 7,880 shares, compared to its average volume of 16,577. First Trust/Aberdeen Emerging Opportunity Fund has a 12 month low of $10.31 and a 12 month high of $15.75. The business has a fifty day moving average of $14.53 and a 200-day moving average of $14.23.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 31st. Investors of record on Tuesday, March 23rd were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 9.45%. The ex-dividend date of this dividend was Monday, March 22nd.

A number of large investors have recently added to or reduced their stakes in the stock. Morgan Stanley increased its position in First Trust/Aberdeen Emerging Opportunity Fund by 5.1% during the fourth quarter. Morgan Stanley now owns 294,314 shares of the company’s stock worth $4,215,000 after acquiring an additional 14,265 shares during the period. Raymond James Financial Services Advisors Inc. increased its holdings in First Trust/Aberdeen Emerging Opportunity Fund by 5.4% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 14,558 shares of the company’s stock valued at $208,000 after buying an additional 751 shares during the period. Shaker Financial Services LLC increased its holdings in First Trust/Aberdeen Emerging Opportunity Fund by 42.2% in the 4th quarter. Shaker Financial Services LLC now owns 39,596 shares of the company’s stock valued at $567,000 after buying an additional 11,751 shares during the period. FNY Investment Advisers LLC bought a new position in First Trust/Aberdeen Emerging Opportunity Fund in the 4th quarter valued at about $31,000. Finally, Global Retirement Partners LLC bought a new position in First Trust/Aberdeen Emerging Opportunity Fund in the 4th quarter valued at about $99,000.

First Trust/Aberdeen Emerging Opportunity Fund Company Profile

First Trust/Aberdeen Emerging Opportunity Fund is a closed-ended balanced mutual fund launched and managed by First Trust Advisors L.P. It is co-managed by Aberdeen Asset Management Inc The fund invests in public equity and fixed income markets of global emerging countries. It seeks to invest in the stocks of companies operating across the diversified sectors.

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