First Trust Structured Credit Income Opportunities ETF (OTCMKTS:SCIO) Stock Price Passes Below 200-Day Moving Average – Here’s Why

Shares of First Trust Structured Credit Income Opportunities ETF (OTCMKTS:SCIO) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $20.37 and traded as low as $20.22. First Trust Structured Credit Income Opportunities ETF shares last traded at $20.22, with a volume of 1,140 shares trading hands.

First Trust Structured Credit Income Opportunities ETF Price Performance

The business’s 50-day moving average is $20.23 and its 200 day moving average is $20.37. The firm has a market capitalization of $15.17 million and a P/E ratio of -267.05.

Institutional Inflows and Outflows

An institutional investor recently raised its position in First Trust Structured Credit Income Opportunities ETF stock. Jane Street Group LLC increased its position in shares of First Trust Structured Credit Income Opportunities ETF (OTCMKTS:SCIO) by 13.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,491 shares of the company’s stock after purchasing an additional 5,006 shares during the quarter. 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 reporting period. Institutional investors and hedge funds own 0.83% of the company’s stock.

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.