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

First Trust Structured Credit Income Opportunities ETF (OTCMKTS:SCIO)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $20.80 and traded as low as $20.79. First Trust Structured Credit Income Opportunities ETF shares last traded at $20.82, with a volume of 79,531 shares traded.

First Trust Structured Credit Income Opportunities ETF Stock Up 0.0%

The company has a 50-day moving average price of $20.81 and a 200-day moving average price of $20.80. The company has a market capitalization of $154.07 million, a price-to-earnings ratio of -274.97 and a beta of 0.08.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Osaic Holdings Inc. bought a new stake in shares of First Trust Structured Credit Income Opportunities ETF in the second quarter valued at approximately $25,000. Legacy Wealth Managment LLC ID acquired a new position in First Trust Structured Credit Income Opportunities ETF during the 2nd quarter valued at $35,000. IFP Advisors Inc bought a new stake in First Trust Structured Credit Income Opportunities ETF in the 3rd quarter valued at $44,000. N.E.W. Advisory Services LLC grew 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 worth $150,000 after purchasing an additional 6,737 shares during the last quarter. Finally, Harbour Investments Inc. grew 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 worth $163,000 after purchasing an additional 5,867 shares during the last quarter. 0.83% of the stock is currently 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.