First Trust/Aberdeen Emerging Opportunity Fund (NYSE:FEO) Short Interest Down 47.4% in April

First Trust/Aberdeen Emerging Opportunity Fund (NYSE:FEOGet Rating) was the recipient of a significant decline in short interest during the month of April. As of April 30th, there was short interest totalling 1,000 shares, a decline of 47.4% from the April 15th total of 1,900 shares. Based on an average daily trading volume, of 23,700 shares, the days-to-cover ratio is currently 0.0 days.

A number of hedge funds have recently modified their holdings of FEO. Lazard Asset Management LLC raised its holdings in First Trust/Aberdeen Emerging Opportunity Fund by 0.6% during the first quarter. Lazard Asset Management LLC now owns 674,283 shares of the company’s stock worth $6,938,000 after purchasing an additional 4,036 shares in the last quarter. Morgan Stanley raised its holdings in First Trust/Aberdeen Emerging Opportunity Fund by 4.8% during the third quarter. Morgan Stanley now owns 356,281 shares of the company’s stock worth $5,166,000 after purchasing an additional 16,288 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in First Trust/Aberdeen Emerging Opportunity Fund by 43.8% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 54,698 shares of the company’s stock worth $793,000 after purchasing an additional 16,653 shares in the last quarter. Wolverine Asset Management LLC raised its holdings in First Trust/Aberdeen Emerging Opportunity Fund by 1,584.3% during the first quarter. Wolverine Asset Management LLC now owns 51,641 shares of the company’s stock worth $531,000 after purchasing an additional 48,575 shares in the last quarter. Finally, NewEdge Advisors LLC increased its holdings in shares of First Trust/Aberdeen Emerging Opportunity Fund by 46.4% in the first quarter. NewEdge Advisors LLC now owns 50,500 shares of the company’s stock valued at $520,000 after buying an additional 16,000 shares in the last quarter.

FEO stock traded up $0.09 during midday trading on Friday, reaching $8.94. The company had a trading volume of 7,115 shares, compared to its average volume of 21,459. The stock has a 50 day moving average price of $9.89 and a 200 day moving average price of $12.14. First Trust/Aberdeen Emerging Opportunity Fund has a fifty-two week low of $8.75 and a fifty-two week high of $15.88.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Wednesday, March 23rd were paid a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, March 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 11.19%.

First Trust/Aberdeen Emerging Opportunity Fund Company Profile (Get Rating)

First Trust/Aberdeen Emerging Opportunity Fund is a closed-ended balanced mutual fund launched and managed by First Trust Advisors L.P. It is co-managed by Aberdeen Asset Management Inc The fund invests in public equity and fixed income markets of global emerging countries. It seeks to invest in the stocks of companies operating across the diversified sectors.

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