FCT Stock Summary and Trading Ideas (First Trust Senior Fr II C | NYSE:FCT)

The First Trust Senior Floating Rate Income Fund II is a diversified, closed-end management investment company. The Fund's primary investment objective is to seek a high level of current income. As a secondary objective, the Fund will attempt to preserve capital. The Fund will pursue these objectives through investment in a portfolio of senior secured floating rate corporate loans. It is anticipated that at least 80% of the Fund's managed assets will be invested in lower grade debt instruments.

First Trust Senior Fr II C trades on the NYSE stock market under the symbol FCT.

As of April 24, 2024, FCT stock price was flat at $10.36 with 146,823 million shares trading.

FCT has a beta of 0.46, meaning it tends to be less sensitive to market movements. FCT has a correlation of 0.41 to the broad based SPY ETF.

FCT has a market cap of $269.19 million. This is considered a Small Cap stock.

In the last 3 years, FCT stock traded as high as $13.07 and as low as $9.32.

FCT stock has underperformed the market in the last year with a return of +17.5%, while SPY returned +24.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in FCT shares. However, FCT has outperformed the market in the last 3 month and 2 week periods, returning +8.2% and +1.3%, while SPY returned +4.6% and -2.7%, respectively. This indicates FCT has been having a stronger performance recently.

FCT support price is $10.28 and resistance is $10.44 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FCT stock will trade within this expected range on the day.