FGB Stock Summary and Trading Ideas (First Trust Specialty Finance And Financial Opportunities | NYSE:FGB)

The First Trust Specialty Finance and Financial Opportunities Fund is a non-diversified, closed-end management investment company. The Fund's primary investment objective is to seek a high level of current income. The Fund seeks an attractive total return as a secondary objective. The Fund will seek to achieve its investment objectives by investing at least 80% of its Managed Assets in a portfolio of securities of specialty finance and other financial companies that the Fund's sub-advisor believes offer attractive opportunities for income and capital appreciation.

First Trust Specialty Finance And Financial Opportunities trades on the NYSE stock market under the symbol FGB.

As of March 5, 2025, FGB stock price declined to $4.31 with 27,079 million shares trading.

FGB has a beta of 0.63, meaning it tends to be less sensitive to market movements. FGB has a correlation of 0.32 to the broad based SPY ETF.

FGB has a market cap of $61.92 million. This is considered a Micro Cap stock.

In the last 3 years, FGB traded as high as $4.64 and as low as $2.73.

FGB has outperformed the market in the last year with a price return of +30.1% while the SPY ETF gained +15.2%. FGB has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +3.4% and -2.0%, respectively, while the SPY returned -3.7% and -4.6%, respectively.

FGB support price is $4.33 and resistance is $4.47 (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 FGB shares will trade within this expected range on the day.