First Trust SSI Strategic Convertible Securities ETF (NASDAQ:FCVT) Stock Short Interest Falls 96.3%

First Trust SSI Strategic Convertible Securities ETF (NASDAQ:FCVT) saw a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 568 shares, a drop of 96.3% from the August 31st total of 15,257 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 20,399 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On First Trust SSI Strategic Convertible Securities ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. raised its stake in shares of First Trust SSI Strategic Convertible Securities ETF by 97.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 689 shares of the company’s stock valued at $30,000 after purchasing an additional 340 shares during the period. Western Wealth Management LLC purchased a new position in shares of First Trust SSI Strategic Convertible Securities ETF in the first quarter valued at $35,000. Continuum Advisory LLC purchased a new position in shares of First Trust SSI Strategic Convertible Securities ETF in the second quarter valued at $38,000. Merkkuri Wealth Advisors LLC acquired a new stake in First Trust SSI Strategic Convertible Securities ETF during the 1st quarter valued at $52,000. Finally, City Center Advisors LLC acquired a new stake in First Trust SSI Strategic Convertible Securities ETF during the 2nd quarter valued at $215,000.

First Trust SSI Strategic Convertible Securities ETF Stock Up 0.2%

FCVT traded up $0.12 on Thursday, reaching $49.47. 3,674 shares of the company’s stock were exchanged, compared to its average volume of 29,300. First Trust SSI Strategic Convertible Securities ETF has a twelve month low of $41.00 and a twelve month high of $54.90. The company’s 50 day moving average is $49.75 and its 200-day moving average is $49.76.

First Trust SSI Strategic Convertible Securities ETF Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 24th will be issued a $0.0450 dividend. This represents a $0.54 annualized dividend and a yield of 1.1%. The ex-dividend date is Thursday, September 24th.

First Trust SSI Strategic Convertible Securities ETF Company Profile

The First Trust SSI Strategic Convertible Securities ETF (FCVT) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund of convertible securities from within and outside the US. FCVT was launched on Nov 4, 2015 and is managed by First Trust.