First Trust Senior Floating Rate Income Fund II (NYSE:FCT) Short Interest Update

First Trust Senior Floating Rate Income Fund II (NYSE:FCT) was the recipient of a large decrease in short interest in the month of December. As of December 31st, there was short interest totaling 39,646 shares, a decrease of 19.3% from the December 15th total of 49,124 shares. Based on an average daily trading volume, of 164,318 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 164,318 shares, the days-to-cover ratio is presently 0.2 days.

First Trust Senior Floating Rate Income Fund II Stock Down 0.5%

Shares of FCT opened at $10.03 on Wednesday. First Trust Senior Floating Rate Income Fund II has a one year low of $8.61 and a one year high of $10.49. The business has a fifty day moving average of $9.82 and a 200 day moving average of $9.92.

First Trust Senior Floating Rate Income Fund II Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Monday, February 2nd will be paid a dividend of $0.097 per share. This represents a c) dividend on an annualized basis and a dividend yield of 11.6%. The ex-dividend date is Monday, February 2nd.

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 the business. Accredited Investor Services LLC purchased a new stake in First Trust Senior Floating Rate Income Fund II during the second quarter valued at approximately $103,000. Alteri Wealth LLC purchased a new stake in shares of First Trust Senior Floating Rate Income Fund II in the 3rd quarter worth $104,000. Tactive Advisors LLC bought a new position in First Trust Senior Floating Rate Income Fund II in the 2nd quarter worth $114,000. Jane Street Group LLC purchased a new position in First Trust Senior Floating Rate Income Fund II during the second quarter valued at $144,000. Finally, Seven Mile Advisory bought a new stake in First Trust Senior Floating Rate Income Fund II during the third quarter valued at about $176,000.

First Trust Senior Floating Rate Income Fund II Company Profile

First Trust Senior Floating Rate Income Fund II (NYSE: FCT) is a diversified, closed-end management investment company that seeks to provide current income with preservation of capital. Listed on the New York Stock Exchange, the fund pursues its objective by investing primarily in senior floating rate loans and other floating rate debt instruments of U.S. and non-U.S. companies. As a closed-end vehicle, FCT issues a fixed number of common shares and may utilize leverage to enhance returns for shareholders.

Under normal market conditions, FCT allocates at least 80% of its managed assets to senior floating rate loans, which are typically secured obligations of corporate borrowers.