First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) Sees Strong Trading Volume – Should You Buy?

by · The Markets Daily

Shares of First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO – Get Free Report) saw unusually-strong trading volume on Friday. Approximately 960,258 shares changed hands during mid-day trading, an increase of 321% from the previous session’s volume of 228,190 shares. The stock last traded at $20.0750 and had previously closed at $20.03.

First Trust Structured Credit Income Opportunities ETF Price Performance

The company has a market capitalization of $547.04 million, a price-to-earnings ratio of -265.13 and a beta of 0.09. The firm has a 50-day moving average price of $20.25 and a two-hundred day moving average price of $20.50.

Hedge Funds Weigh In On First Trust Structured Credit Income Opportunities ETF

A number of large investors have recently bought and sold shares of SCIO. NI Acquisitions Company LLC acquired a new position in First Trust Structured Credit Income Opportunities ETF during the 2nd quarter worth approximately $28,000. Raleigh Capital Management Inc. bought a new position in shares of First Trust Structured Credit Income Opportunities ETF during the 1st quarter worth approximately $30,000. Maia Wealth LLC raised its holdings in shares of First Trust Structured Credit Income Opportunities ETF by 2.7% in the third quarter. Maia Wealth LLC now owns 71,681 shares of the company’s stock valued at $1,429,000 after purchasing an additional 1,875 shares during the last quarter. Torren Management LLC acquired a new stake in shares of First Trust Structured Credit Income Opportunities ETF in the first quarter valued at approximately $39,000. Finally, Triton Wealth Management PLLC raised its holdings in shares of First Trust Structured Credit Income Opportunities ETF by 6.1% in the first quarter. Triton Wealth Management PLLC now owns 39,720 shares of the company’s stock valued at $819,000 after purchasing an additional 2,300 shares during the last quarter. Institutional investors and hedge funds own 0.83% of the company’s stock.

About First Trust Structured Credit Income Opportunities ETF

(Get Free Report)

The First Trust Structured Credit Income Opportunities ETF (SCIO) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seeking to maximize long-term income by holding intermediate-term structured credit investments such as RMBS, CMBS, CLOs, and ABS. Securities are of any credit quality. SCIO was launched on Feb 27, 2024 and is issued by First Trust.

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