First Trust Structured Credit Income Opportunities ETF (OTCMKTS:SCIO) Share Price Crosses Above 50-Day Moving Average – What’s Next?

First Trust Structured Credit Income Opportunities ETF (OTCMKTS:SCIO) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $20.81 and traded as high as $20.88. First Trust Structured Credit Income Opportunities ETF shares last traded at $20.85, with a volume of 183,649 shares traded.

First Trust Structured Credit Income Opportunities ETF Price Performance

The firm has a market capitalization of $149.08 million, a PE ratio of -275.37 and a beta of 0.08. The firm has a fifty day moving average price of $20.81 and a 200 day moving average price of $20.79.

Institutional Trading of First Trust Structured Credit Income Opportunities ETF

Large investors have recently added to or reduced their stakes in the company. Strategic Planning Group LLC purchased a new stake in shares of First Trust Structured Credit Income Opportunities ETF in the third quarter valued at $15,232,000. Foundations Investment Advisors LLC purchased a new stake in First Trust Structured Credit Income Opportunities ETF in the 3rd quarter worth about $4,045,000. Delta Investment Management LLC acquired a new stake in First Trust Structured Credit Income Opportunities ETF during the 3rd quarter worth about $3,565,000. Philip James Wealth Mangement LLC purchased a new position in First Trust Structured Credit Income Opportunities ETF during the 3rd quarter valued at about $3,084,000. Finally, Daymark Wealth Partners LLC acquired a new position in shares of First Trust Structured Credit Income Opportunities ETF in the 4th quarter valued at about $2,641,000. 0.83% of the stock is owned by institutional investors and hedge funds.

About First Trust Structured Credit Income Opportunities ETF

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.