First Trust Structured Credit Income Opportunities ETF (OTCMKTS:SCIO) Stock Price Crosses Below Two Hundred Day Moving Average – What’s Next?

by · The Cerbat Gem

First Trust Structured Credit Income Opportunities ETF (OTCMKTS:SCIO – Get Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $20.76 and traded as low as $20.72. First Trust Structured Credit Income Opportunities ETF shares last traded at $20.78, with a volume of 96,868 shares changing hands.

First Trust Structured Credit Income Opportunities ETF Stock Performance

The stock’s 50-day moving average is $20.80 and its two-hundred day moving average is $20.76. The stock has a market cap of $69.71 million, a PE ratio of -274.84 and a beta of 0.08.

Institutional Investors Weigh In On First Trust Structured Credit Income Opportunities ETF

Several institutional investors and hedge funds have recently modified their holdings of SCIO. Osaic Holdings Inc. purchased a new position in shares of First Trust Structured Credit Income Opportunities ETF in the second quarter valued at approximately $25,000. Legacy Wealth Managment LLC ID purchased a new stake in First Trust Structured Credit Income Opportunities ETF during the 2nd quarter worth approximately $35,000. IFP Advisors Inc acquired a new stake in First Trust Structured Credit Income Opportunities ETF during the 3rd quarter worth approximately $44,000. N.E.W. Advisory Services LLC boosted its position in First Trust Structured Credit Income Opportunities ETF by 1,321.0% in the 3rd quarter. N.E.W. Advisory Services LLC now owns 7,247 shares of the company’s stock valued at $150,000 after buying an additional 6,737 shares during the period. Finally, Harbour Investments Inc. boosted its position in First Trust Structured Credit Income Opportunities ETF by 293.4% in the 2nd quarter. Harbour Investments Inc. now owns 7,867 shares of the company’s stock valued at $163,000 after buying an additional 5,867 shares during the period. Hedge funds and other institutional investors own 0.83% of the company’s stock.

First Trust Structured Credit Income Opportunities ETF Company Profile

(Get Free Report)

First Trust Structured Credit Income Opportunities ETF (OTCMKTS:SCIO) is an actively managed exchange-traded fund designed to provide investors with exposure to structured credit markets. The fund is sponsored by First Trust Advisors L.P., a subsidiary of First Trust Portfolios L.P., and seeks to generate attractive risk-adjusted income through investments in collateralized loan obligations (CLOs) and other structured credit instruments.

The ETF primarily allocates capital to senior secured and investment-grade tranches of CLOs, aiming to benefit from the floating-rate nature of underlying corporate loans and the structural credit enhancements within CLO vehicles.

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