First Trust Senior Floating Rate Income Fund II (NYSE:FCT) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

Shares of First Trust Senior Floating Rate Income Fund II (NYSE:FCT) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.94 and traded as low as $9.56. First Trust Senior Floating Rate Income Fund II shares last traded at $9.58, with a volume of 212,926 shares changing hands.

First Trust Senior Floating Rate Income Fund II Price Performance

The company’s 50 day simple moving average is $9.77 and its 200 day simple moving average is $9.93.

First Trust Senior Floating Rate Income Fund II Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, November 3rd were issued a dividend of $0.097 per share. The ex-dividend date was Monday, November 3rd. This represents a c) annualized dividend and a yield of 12.2%.

Hedge Funds Weigh In On First Trust Senior Floating Rate Income Fund II

A number of institutional investors and hedge funds have recently made changes to their positions in FCT. Elequin Capital LP acquired a new stake in First Trust Senior Floating Rate Income Fund II in the first quarter valued at approximately $64,000. Accredited Investor Services LLC acquired a new stake in shares of First Trust Senior Floating Rate Income Fund II in the 2nd quarter valued at $103,000. Alteri Wealth LLC purchased a new stake in shares of First Trust Senior Floating Rate Income Fund II during the 3rd quarter worth $104,000. Tactive Advisors LLC purchased a new stake in shares of First Trust Senior Floating Rate Income Fund II during the 2nd quarter worth $114,000. Finally, Jane Street Group LLC acquired a new position in shares of First Trust Senior Floating Rate Income Fund II during the second quarter worth $144,000.

First Trust Senior Floating Rate Income Fund II Company Profile

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.