First Trust Structured Credit Income Opportunities ETF (OTCMKTS:SCIO) Share Price Passes Below Two Hundred Day Moving Average – Time to Sell?

First Trust Structured Credit Income Opportunities ETF (OTCMKTS:SCIO)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $20.36 and traded as low as $20.30. First Trust Structured Credit Income Opportunities ETF shares last traded at $20.33, with a volume of 320 shares.

First Trust Structured Credit Income Opportunities ETF Price Performance

The business has a fifty day simple moving average of $20.18 and a two-hundred day simple moving average of $20.36. The company has a market cap of $15.25 million and a PE ratio of -268.50.

Hedge Funds Weigh In On First Trust Structured Credit Income Opportunities ETF

An institutional investor recently raised its position in First Trust Structured Credit Income Opportunities ETF stock. Jane Street Group LLC raised its holdings in shares of First Trust Structured Credit Income Opportunities ETF (OTCMKTS:SCIO) by 13.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,491 shares of the company’s stock after purchasing an additional 5,006 shares during the period. Jane Street Group LLC owned 5.67% of First Trust Structured Credit Income Opportunities ETF worth $874,000 at the end of the most recent quarter. 0.83% of the stock is currently owned by hedge funds and other institutional investors.

First Trust Structured Credit Income Opportunities ETF Company Profile

Scio Diamond Technology Corporation focuses on the development and commercialization of man-made diamond technology in the United States. It provides lab-grown and single-crystal diamonds for industrial and gemstone applications. The company is headquartered in Greenville, South Carolina.