First Trust Senior Fltng Rate Incm Fd II (FCT) stock is higher by 0.78% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.
First Trust Senior Fltng Rate Incm Fd II has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on FCT!
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Recent trends are a good indator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With FCT Stock Today?
First Trust Senior Fltng Rate Incm Fd II (FCT) stock is trading at $10.39 as of 3:09 PM on Wednesday, May 13, a decline of -$0.02, or -0.19% from the previous closing price of $10.41. Volume today is 139,460 compared to average volume of 181,142. The stock has traded between $10.36 and $10.48 so far today.
To see InvestorsObserver's Sentiment Score for First Trust Senior Fltng Rate Incm Fd II click here.
More About First Trust Senior Fltng Rate Incm Fd II
First Trust Senior Floating Rate Income Fund II is the United States based diversified, closed-end management investment company. Its investment objective is to seek a high level of current income. As a secondary objective, the fund attempts to preserve capital. The fund seeks to achieve the objectives by investing primarily in a portfolio of senior floating-rate loan interests. Its portfolio of investments consists of aerospace and defense, agricultural products, broadcasting, cable and satellite, electric utilities and other sectors.
