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

First Trust Senior Floating Rate Income Fund II (NYSE:FCT) saw a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 61,700 shares, a drop of 47.0% from the February 28th total of 116,500 shares. Based on an average daily trading volume, of 110,300 shares, the short-interest ratio is presently 0.6 days.

First Trust Senior Floating Rate Income Fund II Price Performance

Shares of NYSE:FCT remained flat at $10.17 during trading on Friday. 133,665 shares of the company’s stock traded hands, compared to its average volume of 126,718. First Trust Senior Floating Rate Income Fund II has a fifty-two week low of $9.76 and a fifty-two week high of $10.93. The firm’s fifty day simple moving average is $10.32 and its 200 day simple moving average is $10.34.

First Trust Senior Floating Rate Income Fund II Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be issued a dividend of $0.097 per share. The ex-dividend date is Tuesday, April 1st. This represents a $1.16 annualized dividend and a yield of 11.45%.

Institutional Investors Weigh In On First Trust Senior Floating Rate Income Fund II

A number of hedge funds have recently bought and sold shares of FCT. Avior Wealth Management LLC increased its stake in shares of First Trust Senior Floating Rate Income Fund II by 22.1% during the fourth quarter. Avior Wealth Management LLC now owns 7,749 shares of the investment management company’s stock worth $80,000 after buying an additional 1,400 shares during the period. SeaCrest Wealth Management LLC increased its position in shares of First Trust Senior Floating Rate Income Fund II by 10.8% in the 4th quarter. SeaCrest Wealth Management LLC now owns 17,152 shares of the investment management company’s stock valued at $178,000 after purchasing an additional 1,669 shares during the last quarter. Invesco Ltd. raised its holdings in shares of First Trust Senior Floating Rate Income Fund II by 0.7% in the 4th quarter. Invesco Ltd. now owns 380,667 shares of the investment management company’s stock valued at $3,940,000 after purchasing an additional 2,560 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of First Trust Senior Floating Rate Income Fund II by 5.7% during the 4th quarter. Cetera Investment Advisers now owns 49,292 shares of the investment management company’s stock worth $510,000 after purchasing an additional 2,672 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of First Trust Senior Floating Rate Income Fund II by 10.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 30,238 shares of the investment management company’s stock worth $313,000 after purchasing an additional 2,898 shares in the last quarter.

About First Trust Senior Floating Rate Income Fund II

First Trust Senior Floating Rate Income Fund II is a closed-ended fixed income mutual fund launched and managed by First Trust Advisors L.P. The fund invests in the fixed income markets of the United States. It seeks to invest in a portfolio of senior secured floating rate corporate loans. The fund benchmarks the performance of its portfolio against the S&P/LSTA Leveraged Loan Index.