First Trust Specialty Finance and Financial Opportunities Fund (NYSE:FGB) Short Interest Down 38.1% in February

First Trust Specialty Finance and Financial Opportunities Fund (NYSE:FGB) was the target of a significant decline in short interest in February. As of February 15th, there was short interest totalling 5,200 shares, a decline of 38.1% from the January 31st total of 8,400 shares. Based on an average daily trading volume, of 36,900 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On First Trust Specialty Finance and Financial Opportunities Fund

Institutional investors have recently added to or reduced their stakes in the business. Virtu Financial LLC purchased a new stake in First Trust Specialty Finance and Financial Opportunities Fund during the fourth quarter worth approximately $43,000. Jane Street Group LLC purchased a new stake in First Trust Specialty Finance and Financial Opportunities Fund during the third quarter worth approximately $48,000. L.M. Kohn & Company purchased a new stake in First Trust Specialty Finance and Financial Opportunities Fund during the third quarter worth approximately $48,000. Two Sigma Securities LLC purchased a new stake in First Trust Specialty Finance and Financial Opportunities Fund during the fourth quarter worth approximately $84,000. Finally, Quarry LP purchased a new stake in First Trust Specialty Finance and Financial Opportunities Fund during the fourth quarter worth approximately $86,000.

First Trust Specialty Finance and Financial Opportunities Fund Stock Performance

Shares of First Trust Specialty Finance and Financial Opportunities Fund stock traded up $0.01 on Friday, reaching $4.42. 59,514 shares of the company were exchanged, compared to its average volume of 49,022. First Trust Specialty Finance and Financial Opportunities Fund has a 1-year low of $3.49 and a 1-year high of $4.64. The stock’s 50 day moving average price is $4.38 and its 200-day moving average price is $4.20.

First Trust Specialty Finance and Financial Opportunities Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Monday, February 24th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 9.05%. The ex-dividend date was Monday, February 24th.

About First Trust Specialty Finance and Financial Opportunities Fund

First Trust Specialty Finance and Financial Opportunities Fund is a closed-ended equity mutual fund launched and managed by First Trust Advisors L.P. It is co-managed by Confluence Investment Management LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating in the specialty finance and other financial sectors.