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 2, 2025, FCT stock price declined to $10.02 with 102,333 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 0.03 to the broad based SPY ETF.

FCT has a market cap of $260.35 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 price return of +9.2% while the SPY ETF gained +9.9%. However, in the short term, FCT had mixed performance relative to the market. It has outperformed in the last 3 months, returning +1.5% vs -3.1% return in SPY. But in the last 2 weeks, FCT shares have been beat by the market, returning -1.2% compared to an SPY return of +1.3%.

FCT support price is $10.01 and resistance is $10.13 (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.