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 December 13, 2024, FCT stock price climbed to $10.43 with 48,623 million shares trading.

FCT has a beta of 0.08, meaning it tends to be less sensitive to market movements. FCT has a correlation of 0.02 to the broad based SPY ETF.

FCT has a market cap of $271.01 million. This is considered a Small Cap stock.

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

FCT has underperformed the market in the last year with a return of +17.5%, while the SPY ETF gained +29.9%. In the last 3 month period, FCT fell short of the market, returning +3.7%, while SPY returned +7.8%. However, in the most recent 2 weeks FCT has outperformed the stock market by returning +1.8%, while SPY returned +0.3%.

FCT support price is $10.34 and resistance is $10.46 (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 shares will trade within this expected range on the day.