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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 March 28, 2024, FCT stock price climbed to $10.35 with 119,239 million shares trading.
FCT has a beta of 0.57, meaning it tends to be less sensitive to market movements. FCT has a correlation of 0.47 to the broad based SPY ETF.
FCT has a market cap of $268.93 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 has underperformed the market in the last year with a price return of +18.5% while the SPY ETF gained +33.6%. FCT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +8.1% and +1.7%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
FCT support price is $10.28 and resistance is $10.40 (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.