First Trust is selling for under 10.36 as of the 20th of November 2024; that is 0.48 percent increase since the beginning of the trading day. The etf's last reported lowest price was 10.32. First Trust has about a 43 percent probability of financial distress in the next few years of operation but had a somewhat ok performance during the last 90 days. Equity ratings for First Trust Senior are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 1st of December 2022 and ending today, the 20th of November 2024. Click here to learn more.
First Trust Senior Floating Rate Income Fund II is a closed-ended fixed income mutual fund launched and managed by First Trust Advisors L.P. The fund invests in the fixed income markets of the United States. It seeks to invest in a portfolio of senior secured floating rate corporate loans. The company has 25.96 M outstanding shares of which 47.1 K shares are currently shorted by investors with about 0.36 days to cover. More on First Trust Senior
First Trust Senior [FCT] is traded in USA and was established 2004-05-25. The fund is not classified under any group at the present time. First Trust Senior currently have in assets under management (AUM). The fund is currently generating return of 7.26% with the current yeild of 0.0%, while the total return for the last 3 years was 4.98%.
First Trust Senior has about 918.37 K in cash with 45.04 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.04.
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The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in First Trust. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
When determining whether First Trust Senior is a strong investment it is important to analyze First Trust's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact First Trust's future performance. For an informed investment choice regarding First Etf, refer to the following important reports:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Trust Senior. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
The market value of First Trust Senior is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Trust's value that differs from its market value or its book value, called intrinsic value, which is First Trust's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because First Trust's market value can be influenced by many factors that don't directly affect First Trust's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between First Trust's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Trust is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Trust's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.