First Trust Specialty Finance and Financial Opportunities Fund (NYSE:FGB) Short Interest Update

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First Trust Specialty Finance and Financial Opportunities Fund (NYSE:FGB) saw a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 3,600 shares, a drop of 28.0% from the November 30th total of 5,000 shares. Based on an average trading volume of 55,600 shares, the short-interest ratio is presently 0.1 days.

Large investors have recently added to or reduced their stakes in the company. UBS Group AG acquired a new stake in shares of First Trust Specialty Finance and Financial Opportunities Fund during the 3rd quarter worth about $27,000. LPL Financial LLC increased its position in shares of First Trust Specialty Finance and Financial Opportunities Fund by 6.3% during the 3rd quarter. LPL Financial LLC now owns 248,551 shares of the closed-end fund’s stock worth $988,000 after purchasing an additional 14,648 shares in the last quarter. Morgan Stanley increased its position in shares of First Trust Specialty Finance and Financial Opportunities Fund by 5.5% during the 3rd quarter. Morgan Stanley now owns 112,907 shares of the closed-end fund’s stock worth $449,000 after purchasing an additional 5,866 shares in the last quarter. Wolverine Asset Management LLC acquired a new stake in shares of First Trust Specialty Finance and Financial Opportunities Fund during the 3rd quarter worth about $215,000. Finally, Shaker Financial Services LLC increased its position in shares of First Trust Specialty Finance and Financial Opportunities Fund by 91.0% during the 3rd quarter. Shaker Financial Services LLC now owns 116,118 shares of the closed-end fund’s stock worth $461,000 after purchasing an additional 55,337 shares in the last quarter.

NYSE:FGB opened at $4.15 on Monday. The company has a 50-day moving average of $4.09 and a 200-day moving average of $4.10. First Trust Specialty Finance and Financial Opportunities Fund has a 52 week low of $3.23 and a 52 week high of $4.39.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 1st. Stockholders of record on Tuesday, November 23rd were issued a dividend of $0.083 per share. This represents a $0.33 dividend on an annualized basis and a dividend yield of 8.00%. The ex-dividend date was Monday, November 22nd.

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.

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