First Trust Municipal CEF Income Opportunity ETF Short Interest Ratio and Short Volume

Short interest is the volume of First Trust Municipal CEF Income Opportunity ETF shares that have been sold short but have not yet been closed out or covered. As of October 15th, investors have sold 800 shares of MCEF short. 0.00% of First Trust Municipal CEF Income Opportunity ETF's shares are currently sold short. View details.

First Trust Municipal CEF Income Opportunity ETF saw a drop in short interest during the month of October. As of October 15th, there was short interest totaling 800 shares, a drop of 20.0% from the previous total of 1,000 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.68 billion), Aon Plc ($3.70 billion), The Clorox Company ($2.93 billion), ViacomCBS Inc. ($2.88 billion), Analog Devices, Inc. ($2.75 billion), Snap Inc. ($2.72 billion), The Kroger Co. ($2.21 billion), Uber Technologies, Inc. ($1.94 billion), Moderna, Inc. ($1.93 billion), and Datadog, Inc. ($1.83 billion). View all of the most shorted stocks.

Short selling MCEF is an investing strategy that aims to generate trading profit from First Trust Municipal CEF Income Opportunity ETF as its price is falling. First Trust Municipal CEF Income Opportunity ETF's stock is trading up $0.05 today. To short First Trust Municipal CEF Income Opportunity ETF stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that First Trust Municipal CEF Income Opportunity ETF will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for First Trust Municipal CEF Income Opportunity ETF occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of MCEF, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including MCEF, twice per month. The most recent reporting period available is October, 15 2020.